Is refundable no documents were signed the next day

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is refundable. No documents were signed.The next day, Stan Salesman calls Jim and Laura to ask them when they would like to takedelivery of the car. Jim and Laura, on the way home from the dealership, decided that theywere 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 andrequest their $100.00 deposit back.Stan insists that the $100.00 was a deposit on the car and was meant to be part of thecontract 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 thecar. 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 studenttaking a business law class and come to you for advice. They are very frazzled, andunderstandably upset that they may have just purchased a car. Since you have been takingbusiness law, you have read and understand the elements of a contract and the defenses to acontract. Therefore, although you are not a lawyer, you provide some basic advice from whatyou’ve learned in your business law class.

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Term
Spring
Professor
RichardLandoll
Tags
LEG 100 Week 6 Assignment, LEG 100 Week 6, LEG 100, Times Roman, Automobile, Jim, Laura, stan salesman

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