SCENARIOJim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is and starting to have mechanical problemsJim and Laura would share the new car, and use it to go back and forth to work and schoolBefore going to the dealershipJim and Laura decide that they can only afford $400.00 a month in car payments Once at the car dealershipand Laura meet Stan Salesmanshows them several and and Laura drive several of the cars and Laura particularly 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. documents were signed. The next day Stan and Laura to ask them when they would like to take delivery of the 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, and Stan Salesman that they have decided not to buy the car and request their $100.00 back that the $100.00 was a deposit on the car and was meant to be part of the contract to buy the Stan is very persistent and that and contracted to buy the car, therefore, the $100.00 will be applied to the purchase price of the and are shocked and angry not only do they not want to spend the money, but now feel as though they are being duped by Stan Salesman and Laura have an appointment to see a lawyer in a few days, but know you are a student a business and come to you They are very frazzled and understandably upset that they may have just purchased a cac you have been business you have read and understand the elements of contract and the defenses to contract Therefore, although you are not a you some basic advice from what you’ve learned in your business law class.
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 automoblie 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 (2) quality academic resources in this assignmentNote: and other websites do not quality as quality academic resources .
In order to foster and growth, essays you submit must be newly written specifically for this course. Any recycled work will be sent back with a and you will be given one attempt to redo the touchstone.
