roof on their house for $2,500. Rex began the work and soon realized that he
had underbid the job.
He informed the O’Neills that he would not do the job for
$2,500 after all, but that he would complete the work for $3,200. The O’Neills
promised to pay him $3,200. Assuming that there were no unforeseen conditions
that affected the roof and no obvious mistakes in the bid calculations, was it
ethical for Rex Roofing to refuse to do the job at the agreed-upon price? Since
the O’Neills agreed to pay the higher price, are they ethically obligated to do
so, even if the law does not require them to pay more than the originally
agreed-upon price?
