Description
Matthew Green, age 16, signed a contract to buy a Camaro from Caruana Chevrolet.Matthew Green is the son of Mark Green, a local businessman, well known by Caruana Chevrolet.The Green family lived about six miles from the dealership.The Green family was friends with the Caruana family.Matthew Green lived about six miles from his school and about one mile from his job and used the Camaro to go back and forth to school and to work. Matthew misrepresented his age by using a false ID card which was an obvious fraud. The photo looked nothing like Matthew.
When Matthew did not have the car, he used a car pool to get to school and to work.Matthew’s father drove in the car pool as did several other parents.Several months later, the used car became inoperable due to a blown head gasket and Green gave notice of his rejection of the car and of the contact to Caruana Chevrolet. Caruana Chevrolet refused to refund the purchase price.
Caruana Chevrolet had purchased this vehicle at auction for $2,500.00.The sale price to Matthew was $7,000.00.
Please discuss the issues contained within this case.Before you get to any subsequent issues, please take a look at the primary issues.
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Requirements:
- analysis of the cases are to be done thoroughly by realizing what term applies to the case and to elaborate as detailed as possible.
- I will be providing notes as to be used as a reference in determining what needs to be used
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Explanation & Answer
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Contract Law Outline
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Importance of a written contract law
A fraud in the case presented
Case of negligence
Insurance of purchased vehicle
Legal issue
Conclusion
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Contract Law
When making any business transactions, especially with vehicles, it is essential to have a
written contract which will list the agreements of both parties. When the contract is written, it is
an advantage as everything will be listed down, and it can be referred to later in case of an issue
with the product purchased. The written deal also shows the responsibilities that each party
should take, for instance, if the product is not operating as expected. Before the contract is
signed, each party is expected to read through everything that has been written down so that it
can be clarified (Beatty, Susan and Patricia 12). In the case of Matthew Green and Caruana
Chevrolet, there was a contract, but there are no clear details of the responsibilities of each party.
When Matthew went to purchase the car, he did not care about reading all the information
indicated such as whether he would return the car or not in case it had mechanical problems.
Caruana Chevrolet also ignored to explain the contract to the buyer before the transaction was
condu...
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