Did Jim and Laura Buy a Car? SCENARIO: 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

Did Jim and Laura Buy a Car?

SCENARIO: 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.ASSIGNMENT: Advise Jim and Laura based on the above facts as presented and the material covered in the lessons by answering each section in the template below. In this touchstone, be sure to address the following:

Identify the elements that must be present for a legal contract to exist. Define each element using examples.
Determine the facts from the scenario that you will use to support your decision on whether or not a contract exists for the purchase of the automobile.
Decide whether or not there was a contract for the purchase of the automobile.
Include two (2) quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as quality academic resources.
The following requirements must be met for your submission to be graded:

Written responses must be 750-1000 words combined for all prompts.
Use a readable 11- or 12-point font.
All writing must be appropriate for an academic context.
Composition must be original and written for this assignment and all writing must be appropriate for an academic context.
Plagiarism of any kind is strictly prohibited.

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

The next step in the Capstone Project process is to create an outline and description of the business proposal or business plan you will submit for your final project. It must expand on the Capstone P

The next step in the Capstone Project process is to create an outline and description of the business proposal or business plan you will submit for your final project. It must expand on the Capstone Project Proposal completed in Unit 1. Instructions: Please follow the following outline. Your Topic Statement

The next step in the Capstone Project process is to create an outline and description of the business proposal or business plan you will submit for your final project. It must expand on the Capstone P

Module 3 – CaseCorrelation Regression AnalysisAssignment Overview Regression Analysis Complete Module 3 SLP before Module 3 Case This is your final data analysis project in class. You have become

Module 3 – CaseCorrelation Regression AnalysisAssignment Overview Regression Analysis **Complete Module 3 SLP before Module 3 Case** This is your final data analysis project in class. You have become very familiar with the data and have a number of findings that may assist in managerial decision-making. The goal is to

Module 3 – SLPCorrelation Regression AnalysisAssignment Overview Correlation and Scatterplots Complete Module 3 SLP before Module 3 Case Let us delve into Organizational Commitment. In your earlie

Module 3 – SLPCorrelation Regression AnalysisAssignment Overview Correlation and Scatterplots **Complete Module 3 SLP before Module 3 Case** Let us delve into Organizational Commitment. In your earlier research, you discovered how important this is to a company. Now, we will investigate what types of correlations exist between Organizational Commitment and

Case Study 2: Identifying Behavioral Biases in Investment Decisions Objective: The goal of this activity is to help you identify different behavioral biases that influence decision-making in financial

Case Study 2: Identifying Behavioral Biases in Investment Decisions Objective: The goal of this activity is to help you identify different behavioral biases that influence decision-making in financial markets. Work in a group to analyze the case assigned and identify the bias involved. Assignment Instructions: Read the PowerPoints: Read Page

Locate any report or periodical article that contains at least two different graphical representations of data or use one of the supplied articles. Interpret the graphs and present your findings in a

Locate any report or periodical article that contains at least two different graphical representations of data or use one of the supplied articles. Interpret the graphs and present your findings in a brief PowerPoint presentation (6-10 slides). Expand AllIntroduction Business administrators and managers are often called upon to interpret data

SHEILA- UP TO 3/6/2025- *** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED* **** THIS ASSIGNMENT HAS 2 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES

SHEILA- UP TO 3/6/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 2 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES SHEILA- UP TO 3/6/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT

VAL- UP TO 3/6/2025- *** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED* **** THIS ASSIGNMENT HAS 3PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN

VAL- UP TO 3/6/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 3PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN COMPLETED****** PART 1- Module 4- DISCUSSION- (VAL)- Bankruptcy Why do businesses file for bankruptcy and

You will create two concept maps housed in one PowerPoint presentation. Your two-page concept map PowerPoint presentation will consist of the two infographics you create and slide notes. There is no s

You will create two concept maps housed in one PowerPoint presentation. Your two-page concept map PowerPoint presentation will consist of the two infographics you create and slide notes. There is no standard format for a concept map, so you may create yours however you choose. The goal is simply to

This is the first step in creating your Capstone Project. You will select and describe your topic and address all guidelines listed below as it pertains to your topic. In order to gain approval from t

This is the first step in creating your Capstone Project. You will select and describe your topic and address all guidelines listed below as it pertains to your topic. In order to gain approval from t This is the first step in creating your Capstone Project. You will select and

Scenario You are an HR consultant, contracted by the VP of an LLC in Wilmington, Delaware, to solve their internal challenges. This U.S. office is a branch of a larger Singaporean software solutions o

Scenario You are an HR consultant, contracted by the VP of an LLC in Wilmington, Delaware, to solve their internal challenges. This U.S. office is a branch of a larger Singaporean software solutions organization that has a total of 140 employees and generates $20M in revenue per year. The CEO

Hello, I am in need of assistance with the attached assignment. I need the assignment to be checked for plagiarism prior to sharing it back with me. Thanks in advance.

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not be required for this assignment, and no outsid

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not be required for this assignment, and no outside resources are required. Details: Using the Unit III Assignment Template, write a dialogue (short conversation) between two people. Keys to

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not be required for this assignment, and no outsid

Details: This assignment has two parts. Both parts will be completed in the same attached Unit VII Homework Template. Part 1: Choose one of the three topics from the table below. Write an argument

Details: This assignment has two parts. Both parts will be completed in the same attached Unit VII Homework Template. Part 1: Choose one of the three topics from the table below. Write an argument with a clear conclusion (thesis) that you have created about this topic. Your conclusion must be a straightforward one-sentence

This is the first step in creating your Capstone Project. You will select and describe your topic and address all guidelines listed below as it pertains to your topic. In order to gain approval from t

This is the first step in creating your Capstone Project. You will select and describe your topic and address all guidelines listed below as it pertains to your topic. In order to gain approval from the instructor, you will need to choose one of the topic focuses below, address the

For this essay assignment, you are tasked with locating a company or business that has experienced an ethical issue within the last 5 years. In your essay, you will include the following information:

For this essay assignment, you are tasked with locating a company or business that has experienced an ethical issue within the last 5 years. In your essay, you will include the following information: the name of the company or business and a description of the ethical issue that took place,