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Case Study

Discuss all aspects of the answer and all issues raised in the problem.Â Â

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Write the answer in essay form. Use references and emphasize analysis.Â Â

Cato and Isabella are friends and they meet for drinks at a bar one night.Â Â Cato, while intoxicated, offers to sell Isabella his Porche worth \$40,000 for only \$20,000.Â Â Delivery will be in 2 weeks.Â Â Â 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 \$20,000 ready.Â Â Cato decides not to sell and says that 1) he was to drunk to understand what he was doing, 2) the amount offered was not a fair bargain, 3) the napking was not a â€œcar titleâ€ and therefore was not an enforceable sale.

Discuss whether Cato or Isabella will win based on the three arguments raised by Cato.Â Â Explain each one in detail.

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Category: Sample Questions