Jim And Laura Buyer Visit The Local Car Dealership

Did Jim And Laura Buy A Car?NameCourseTutor’s NameDateDid Jim and Laura Buy a Car?In a valid contract offer, acceptance and consideration are important. An offer contains all the important details and relevant terms of the contract. A second part accepts the offer without changing the terms of the offer. If the second party makes any alteration of the terms of the contract, they are making a counter offer not accepting on different terms. After an offer is accepted something of value (i.e. an item, or service) must be exchanged between the parties in the contract. This exchange is called the consideration.The parties in a contract must have ability or capacity to enter into a contract, which they understand. All the parties in the contract must also freely accept or agree to the terms of the agreement. The contract must be for a lawful purpose (Treitel, 2003; Cheeseman & Garvey, 2014). The contention by Stan Salesman that Jim and Laura have entered a contract with him for sale of the car needs to be tested for validity against the elements that are