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Did Jim and Laura Buy a Car?
Due week 6 and worth 75 points
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.
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.
In at least five (5) 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-
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 four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as quality academic resources.
– 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 SWS format. The reference page is not included in the required page length.
Papers will be submitted through SafeAssign and Turnitin and will show up when you submit a paper that has been submitted and graded in the past. Please avoid plagiarism at all cost.
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