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Assignment 1 Essay – Did Jim and Laura buy a car? Angela Williams Scott Levasseur Business Law 1 May 15, 2017
A contract is a legally enforceable contract and can be either enforced or unenforced[ CITATION Jef15 \l 1033 ]. There are seven elements of a contract. The first element to take place between Jim, Laura, and Stan was an Offer. An offer was made between the parties when Jim and Laura agree to give Stan Salesman a deposit to hold the vehicle for a day. Next comes the Acceptance element of the contract where Stan Salesman guaranteed them that the deposit was refundable. The Consideration comes into effect when both parties agreed. And both parties agreed on holding the vehicle and the refundable deposit. The Legality and Capacity of the contract were present because they all are adults of sound mind and the contract is of a lawful purpose. The trickery element of the contract was the Consent, while the Writing element of the contract at that point could have went either way. According to the scenario that took place between Jim, Laura and Stan Salesman, there was not a contract for the purchase of the automobile. Even though there were steps being made

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