Posted: October 4th, 2022

Define the elements of a legal contract

Enterprise Legislation
SCENARIO: Jim and Laura Purchaser go to the native automobile dealership as a result of they’re occupied with shopping for a new automobile. The automobile they presently have is growing old and is beginning to have mechanical issues. Jim and Laura would share the new automobile, and use it to commute to work and faculty. Earlier than going to the dealership, Jim and Laura resolve that they will solely afford $400.00 a month in automobile funds.

As soon as at the automobile dealership, Jim and Laura meet Stan Salesman. Stan reveals them a number of autos and Jim and Laura test-drive a number of of the automobiles. Jim and Laura notably like the blue Four-door sedan. Due to this fact, they comply with give Stan Salesman a $100.00 deposit to carry the automobile for a day. Stan Salesman doesn’t give them the receipt however ensures that the $100.00 is refundable. No paperwork have been signed.

The following day, Stan Salesman calls Jim and Laura to ask them after they want to take supply of the automobile. Jim and Laura, on the method dwelling from the dealership, determined that they weren’t going to purchase the automobile as a result of they didn’t wish to spend that cash every month. Due to this fact, Jim and Laura inform Stan Salesman that they’ve determined to not purchase the automobile and request their $100.00 deposit again.

Stan insists that the $100.00 was a deposit on the automobile and was meant to be half of the contract to purchase the automobile. Stan could be very persistent and insistent that Jim and Laura have contracted to purchase the automobile; subsequently, the $100.00 shall be utilized to the buy worth of the automobile. Jim and Laura are shocked and offended as not solely do they not wish to spend the cash, however now really feel as if they’re being duped by Stan Salesman.

Jim and Laura have an appointment to see a lawyer in a few days, however know you might be a pupil taking a enterprise regulation class and are available to you for recommendation. They’re very frazzled, and understandably upset that they might have simply bought a automobile. Since you may have been taking enterprise regulation, you may have learn and perceive the elements of a contract and the defenses to a contract. Due to this fact, though you aren’t a lawyer, you present some primary recommendation from what you’ve realized in what you are promoting regulation class.

ASSIGNMENT: In three (three) pages, advise Jim and Laura based mostly on the above details as introduced and the materials lined in the classes. In your paper, you’ll want to handle the following:

1. Define the elements of a legal contract utilizing examples from the state of affairs the place relevant.
2. Resolve whether or not or not there was a contract for the buy of the car.
three. Establish the details from the state of affairs which Help your choice on whether or not or not a contract exists for the buy of the car.
Four. Use at the very least two (2) high quality educational sources on this project ( help with nursing paper writing from experts with MSN & DNP degrees).

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