Builder's Recovery for Premature Contract Termination Based on Objective Value of Work Performed

A builder contracted to construct a building, but the work was halted prematurely due to the owner's financial difficulties, leading the builder to seek payment for the executed portion of the work based on the value of the completed work rather than the contract price. The court held that where a contract for work is prematurely terminated due to the fault of the party who owes the price, the contractor is entitled to compensation for the work performed, calculated based on the objective economic value of that work, not strictly limited by the pre-agreed contract price, as the premature cessation of the contract, caused by the owner, prevents the application of the full contract terms regarding pricing for completed elements.