Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Inez announces that she is not satisfied with it. Inez a. must pay josh half of the contract price as a compromise. b. must pay josh only the cost of his materials. c. does not have to pay josh. d. must pay Josh the contract price.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Inez announces that she is not satisfied with it. Inez
a. must pay josh half of the contract price as a compromise.
b. must pay josh only the cost of his materials.
c. does not have to pay josh.
d. must pay Josh the contract price.
Transcribed Image Text:Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Inez announces that she is not satisfied with it. Inez a. must pay josh half of the contract price as a compromise. b. must pay josh only the cost of his materials. c. does not have to pay josh. d. must pay Josh the contract price.
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