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Business Law
DUE IN 24 HOURS MAX. IF YOU CANT HANDLE THE TIME PLEASE DONT CONTACT ME
Discuss all aspects of the answer and all issues raised in the problem.
Write the answer in essay form. Use a cover page, references and emphasize analysis.
Cato and Isabella are friends and they meet for drinks at a bar one
night. Cato, while intoxicated, offers to sell Isabella his Porche worth$40,000 for only $20,000. Delivery will be in 2 weeks. Isabella accepts,and they write the terms down on a napkin and each initial it.
After 2 weeks, Isabella comes looking for her car and has the $20,000ready. Cato decides not to sell and says that 1) he was to drunk tounderstand what he was doing, 2) the amount offered was not a fairbargain, 3) the napking was not a “car title” and therefore was not anenforceable sale.
Discuss whether Cato or Isabella will win based on the three argumentsraised by Cato. Explain each one in detail.
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