Did Jim and Laura Buy a Car

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Did Jim and Laura Buy a Car?Click Link Below To Buy:http://hwcampus.com/shop/did-jim-and-laura-buy-a-car/Worth 200 pointsHINT: 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 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.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. 4. Use at least two (2) quality academic resources in this assignment. Note:Wikipedia and other Websites do not qualify as quality academic resources.5. Format your assignment according to the following formatting requirements:• 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 APA format. The reference page is not included in the required page length.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.Click here for the grading rubric.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.Points: 200 Assignment 1: Did Jim and Laura Buy a Car?Criteria UnacceptableBelow 60% F Me

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Did Jim and Laura Buy a Car?

Click Link Below To Buy:
http://hwcampus.com/shop/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 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.
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.

4.

Use at least two (2) quality academic resources in this
assignment. Note:Wikipedia and other Websites do not qualify as quality academic
resources.

5.

Format your assignment according to the following formatting requirements:


Typed, double spaced, using Times New Roman font (size 12), with oneinch 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 APA format.
The reference page is not included in the required page length.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric.
Click here for the grading rubric.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric.
Points:
200

Assignment 1: Did Jim and Laura Buy a Car?

Meets
Criteria

Unacceptable

Minimum

Fair

Proficient

Exemplary

Below 60% F

Expectations

70-79% C

80-89% B

90-100% A

60-69% D
1. Define

Did not submit

Insufficiently

Partially

Satisfactorily

Thoroughly

the

or incompletely

defined the

defined the

defined the

defined the

element

defined the

elements of a

elements of

elements of a

elements of a

s of a

elements of a

legal contract

a legal

legal contract

legal contract

legal
contract
using
example
s from
the
scenario
where
applicabl

contract
legal contract

using

using

using examples

examples from

examples

from the

the scenario

from the

scenario where

where

scenario

applicable.

applicable.

where

using examples
from the
scenario where
applicable.

using
examples from
the scenario
where
applicable.

applicable.

e.
Weight:
27%
2.
Decide
whether
or not
there
was a
contract
for the
purchase
of the
automob
ile.

Did not submit
or
incompletelyde
cided whether
or not there
was a contract
for the
purchase of the
automobile.

Insufficientlyd
ecided
whether or not
there was a
contract for
the purchase
of the
automobile.

Partiallydeci
ded whether
or not there
was a
contract for
the
purchase of
the

Thoroughlydec
Satisfactorilyde

ided whether

cided whether

or not there

or not there was

was a contract

a contract for

for the

the purchase of

purchase of

the automobile.

the
automobile.

automobile.

Weight:
27%
3.

Did not submit

Insufficiently

Partiallyiden

Satisfactorilyide

Thoroughlyide

Identify

or

identified the

tified the

ntified the facts

ntified the

the facts

incompletelyide

facts from the

facts from

from the

facts from the

from the

ntified the facts

scenario which

the scenario

scenario which

scenario which

scenario

from the

support your

which

support your

support your

which

scenario which

decision on

support your

decision on

decision on

support

support your

whether or not

decision on

whether or not

whether or not

your
decision
on
whether

whether or

or not a

decision on

contract

whether or not

exists for

a contract

the

exists for the

purchase

purchase of the

of the

automobile.

a contract
exists for the
purchase of
the
automobile.

automob

not a
contract

a contract

exists for

exists for the

the

purchase of the

purchase of

automobile.

the

a contract
exists for the
purchase of
the
automobile.

automobile.

ile.
Weight:
27%

4. 2
referenc
es
Weight:
4%

No reference

Does not meet

Meets the

provided; or,

the required

required

Meets number

Meets number

does not meet

number of

number of

of required

of required

the required

references;

references;

references;

references; all

number of

most

most

most references

references

references; all

references

references

high quality

high quality

references poor

poor quality

poor quality

choices.

choices.

quality choices.

choices.

choices.

More than 8

7-8 errors

5-6 errors

3-4 errors

0-2 errors

errors present

present

present

present

present

5.
Clarity,
writing
mechani
cs, and
formatti
ng
requirem
ents
Weight:
15%

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