Breach of Contract Problem Question: an IRAC Answer
Northgate Developments agrees to pay BuildRight Ltd £500,000 to finish an office block by 1 September. On 15 August, BuildRight says it won't finish the job because material prices have risen too much. Northgate hires another builder to complete the work, which costs £80,000 more than the original price. Advise Northgate, using IRAC.