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Jenny YeagerBusiness Law/LEG10003/12/2021Did Jim and Laura Buy a Car?Instructions:Define the elements of a legal contract using examples from thescenario where applicable. Decide whether or not there was a contractfor the purpose of the automobile. Identify the facts from the scenariowhich support your decision on whether or not a contract exists for thepurchase of the automobile. Use at least two credible sources.Did Jim and Laura Buy a Car?