Reference no: EM131345309
Assignment
Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is aging and is starting to have mechanical problems. Jim and Laura would share the new car, and use it to go back and forth to work and school. Before going to the dealership, Jim and Laura decide that they can only afford $400.00 a month in car payments.
Once at the car dealership, Jim and Laura meet Stan Salesman. Stan shows them several vehicles and Jim and Laura test-drive several of the cars. Jim and Laura particularly like the blue 4-door sedan. Therefore, they agree to give Stan Salesman a $100.00 deposit to hold the car for a day. Stan Salesman does not give them the receipt but guarantees that the $100.00 is refundable. No documents were signed.
The next day, Stan Salesman calls Jim and Laura to ask them when they would like to take delivery of the car. Jim and Laura, on the way home from the dealership, decided that they were not going to buy the car because they did not want to spend that money each month. Therefore, Jim and Laura tell Stan salesman that they have decided not to buy the car and request their $100.00 deposit back.
Stan insists that the $100.00 was a deposit on the car and was meant to be part of the contract to buy the car. Stan is very persistent and insistent that Jim and Laura have contracted to buy the car; therefore, the $100.00 will be applied to the purchase price of the car. Jim and Laura are shocked and angry as not only do they not want to spend the money, but now feel as though they are being duped by Stan Salesman.
Jim and Laura have an appointment to see a lawyer in a few days, but know you are a student taking a business law class and come to you for advice. They are very frazzled, and understandably upset that they may have just purchased a car. Since you have been taking business law, you have read and understand the elements of a contract and the defenses to a contract. Therefore, although you are not a lawyer, you provide some basic advice from what you've learned in your business law class.
In three to five pages, advise Jim and Laura based on the above facts as presented, the material provided in the text, and material covered in the lecture. In your paper, be sure to address the following:
Define the elements of a legal contract using examples from the scenario where applicable.
Decide whether or not there was a contract for the purchase of the automobile.
Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.
Use at least two quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as quality academic resources.
Format your assignment according to the following formatting requirements:
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page is not included in the required page length.
Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.
Technological changes might affect the institution
: Pick an institution of your choice such as education, family, healthcare, the economy, or government. Explain (or speculate) in detail how technological changes might affect the institution.
|
Discuss about the case given below
: JonBenet Ramsey was a 6-year-old beauty queen who was found murdered in her parents' Boulder, Colorado, home on December 26, 1996. Still unsolved, the murder led to one of the most publicized police investigations of the 1990s.
|
Csu-global applied social sciences
: How do you foresee using your CSU-Global Applied Social Sciences degree in your professional life? What types of careers or positions are interesting to you? What would your dream job be? Be as specific as possible, include at least two links to j..
|
What is the maximum possible magnitude of the output voltage
: A fifth bit is added to the R-2R DAC shown in given Figure. What is the maximum possible magnitude of the output voltage? What is the resolution of the revised DAC?
|
Identify facts from the scenario which support your decision
: Decide whether or not there was a contract for the purchase of the automobile. Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.
|
Problem regarding the obesity in america
: Obesity in America is considered an epidemic. There are many contributing factors to obesity (both childhood and adult), such as biological, environmental, social, or economic factors. Review the information on obesity on pages 419 to 421 in the t..
|
What is your definition of justice
: What is your definition of justice - Pick one of the political approaches (Libertarianism, Liberalism, or Communitarianism) and demonstrate why you believe it would be the most unjust of the three approaches for a centralized government,
|
Evaluate the pros and cons of your intended approach
: Describe what your project would look like if you were given the money or time to actually create the alternative format. Be specific! Evaluate the pros and cons of your intended approach
|
How social class and race have shaped your life
: Explore how social class and race have shaped your life and the world in which you habit. Just your experience please no internet citing your own thought please and thank you only three paper.
|