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Did Jim and Laura buy a car? (Example)

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Did Jim and Laura Buy a Car? Student’s Name: Professor’s Name: Course: Date: Introduction A Legal contract refers to an agreement that generates obligations as well duties that are implementable by the law. The contract falls under two categories; spoken and written. Under the written category both teams sign a document which acts as evidence for the agreement. On the other hand the spoken contract is conducted verbally where a witness is required. Various elements make a deal viable as well binding. As a student and having studied business law my advice follows as disclosed below. Elements of a Legal Contract Offer In making a contract this is the very first step. It represents the proposal an individual as well an entity provides to the other party with the aim of engaging in a valid agreement. In this case Jim and Laura had offered $400 a valid and binding contract exists between Stan and the buyers. Also Stan makes an offer which is an essential element in agreement by allowing Jim and Laura to test the lined cars for sale. After the testing they settled in the blue sedan car. They agreed to purchase the automobile and this served as a clear evidence of the existence of a legal contract. References Gundlach G. T. & Murphy P. E. (2011). Ethical and legal foundations of relational marketing exchanges. The Journal of Marketing 35-46. Kagan D. M. & Chesnut J. R. (2012). Laura and Jim and what they taught me about the gap between educational theory and practice. SUNY Press. Shelley D. J. Swartz L. B. & Cole M. T. (2013). A comparative analysis of online and traditional undergraduate business law classes. International Journal of Information and Communication Technology Education 3(1) 10. [...]

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Did Jim and Laura Buy a Car? Worth 200 points HINT: See Chapters 10-14 of the text to help understand some of the legal issues covered in this 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 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: 1.Define the elements of a legal contract using examples from the scenario where applicable. 2.Decide whether or not there was a contract for the purchase of the automobile. 3.Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile. 4.Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as quality academic resources. 5.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. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. Click here for the grading rubric.

Subject Area: Law

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 8 days

Expert ExpertCharlie

Client Review

Awesome work and ge project was done within 8 hours! Thank you so much! I highly recommend him!

Positive
08.22.2017

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