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Case Study

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

 

Write the answer in essay form. Use 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 $20,000 ready.  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 “car title” and therefore was not an enforceable sale.

 

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

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Category: Sample Questions