Legal Contracts Case Study

ASSIGNMENT: In three to five (3-5) pages, advise Jim and Laura based on the above facts aspresented and the material covered in the lessons. 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 (2) quality academic resources in this assignment.
Note: Wikipedia and other websites do not qualify as quality academic resources.
In order to foster learning and growth, all essays you submit must be newly written specifically
for this course. Any recycled work will be sent back with a 0, and you will be given one attempt
to redo the touchstone.
A. Assignment Guidelines
DIRECTIONS: Refer to the list below throughout the writing process. Do not submit your
Touchstone until it meets these guidelines.
1. Understanding of Contract Law❒ Have you defined the elements of a legal contract?❒ Have
you used examples from the scenario to illustrate these elements?2. Case Judgment and
Support❒ Have you provided a judgment on the existence of a contract in this scenario?❒
Have you used specific examples from the scenario to defend your position?3. Research❒
Have you referenced at least two academic sources in your essay?❒ Have you explained how
each source relates to and supports your judgment on the case?
Requirements
The following requirements must be met for your submission to be graded:
Composition must be 3-5 pages (approximately 750-1250 words).
Double-space the composition and use one-inch margins.
Use a readable 12-point font.
All writing must be appropriate for an academic context.
Composition must be original and written for this assignment.
Plagiarism of any kind is strictly prohibited.
Submission must include your name, the name of the course, the date, and the title of your
composition.
Include all of the assignment components in a single file.
Acceptable file formats include .doc and .docx.
Additional Resources
The following resources will be helpful to you as you work on this assignment:
1. Purdue Online Writing Lab’s APA Formatting and Style Guide
This site includes a comprehensive overview of APA style, as well as individual pages with
guidelines for specific citation types.
2. Frequently Asked Questions About APA Style
This page on the official APA website addresses common questions related to APA formatting.
The “References,” “Punctuation,” and “Grammar and Writing Style” sections will be the most
useful to your work in this course.
3. APA Style: Quick Answers—References
This page on the official APA Style website provides numerous examples of reference list
formatting for various source types.
Touchstone: 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.