Did Jim and Laura Buy a Car?
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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.
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