Question

Home Construction LLC enters into a contract with Irene to build a house. Before Home starts to work, the market price for its services increases—in effect, Home will lose money if it fulfills its contract with Irene. Home notifies her that it will not perform. Home’s obligation to perform is

Answer 1

Breached

Step-by-step explanation:

The reason is that Home Company has notified the contractor that she will not perform the contract which means that the contract to perform is breached. If the party of the contract conveys the other party that she will not perform the contract then it means the contract has been breached.