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contracted to buy the car ; therefore , the $100

Mechanical Engineering

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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 . In three to five (3-5) 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. 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 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