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Did Jim and Laura Buy a Car?4Generally, this is not an enforceable contract, although a written contract would have been much more suitable in order to solidify the elements of said contract. Additionally since theverbal agreements are nonbinding, the deposit made by Jim and Laura of $100.00 is indeed refundable in its full amount. And even though Stan Salesman remains staunch to the fact that the $100.00 deposit was indeed a deposit towards the purchase of the car, he has no legal claim to retain the funds. And should Stan Salesman indeed retain the funds, he is in direct violation ofthe standards of conduct outlined by the Uniformed Commercial Code (UCC). Stan Salesman therefore cannot enforce the contract between Jim, Laura and himself since there is no written agreement between the parties. There are indeed various unknown facts relating to this case, it isclear that at no time was there any signature of any documents outlining the deal. It is unimaginable to claim there was an agreement nor that there were elements of a contract present at any time between Jim, Laura and Stan Salesman at any time.
Did Jim and Laura Buy a Car?5ReferencesBeatty, J. F., Samuelson, S. S., & Sanchez Abril, P. (2016). Introduction to business law (5thed.). Boston, MA: Cengage Learning.Legal Information Institute (LII) Contract. (n.d.) Retrieved from Cornell University Law School: