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Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car.

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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 i...

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  • October 13, 2019
  • 5
  • 2019/2020
  • Answers
  • Unknown

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  • jim and laura buyer visit the local car dealership because they are interested in buying a new car

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  • University
  • Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car.
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By: Student571 • 3 year ago

Great. Thank you

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By: solutions • 3 year ago

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By: ikramoo • 3 year ago

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Running Head: LAW OF CONTRACTS 1




Law of Contracts




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Course




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Date Due

, LAW OF CONTRACTS 2




Law of Contracts


A contract is an agreement that creates obligations that are enforceable by the law. A

contract can either be written or spoken. (Elliott, C. 2015). There are elements to a contract that

make it valid and binding. They include


 Offer. This is defined as a clear manifestation of willingness to enter an agreement made

by another person with full understanding that their assent to the bargain is an invitation

and is concluded. (DiMatteo, L. A. 2013). As to whether there was an offer in this case,

yes there is an offer. When the salesman offered the buyers time for a test drive and they

finally chose and agreed to buy the blue car it was a clear offer.

 Acceptance. This basically means that the terms of the offer have been clearly understood

and agreed to through consent and assent and at no time will the terms be changed.

(DiMatteo, L. A. 2013). When the buyers agreed to the terms of sales and even agreed to

pay a deposit, it clearly shows that they have accepted the seller’s offer.

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