purchase transaction by identifying the offeror, the offeree.

Paper Description

Part 1, Purchase Description (4 points) Describe the purchase transaction by identifying the offeror, the offeree and the consideration between the parties (2 points) Did this purchase involve the sale of goods or services or both? That is, how much of the purchase price paid for goods vs. paying for services? (3 points) Does the UCC govern this transaction or is it simply a matter of common law? Explain your answer. (3 points) Does the Statute of Frauds apply to this sale? Explain your answer. Part 2, Analyze the Receipt On your copy of the receipt, identify and label the following aspects of the purchase contract: (3 points) Price – identify and label the agreed upon price for the transaction. If not clear on the receipt, how was the price determined? (3 points) Quantity – identify and label the quantity purchased. If not clear on the receipt, how is the quantity determined? (3 points) Time – identify and label terms controlling when the transaction was to be completed. If not clear on the receipt, how is the timing determined? (3 points) Delivery – identify and label terms controlling when the seller was to deliver the purchase to the buyer. If not clear on the receipt, how is the delivery determined? (3 points) Proof of Agreement – identify and label signatures on the receipt for each party to the agreement. Does the receipt require signatures in order to be a contract? Explain your answer. (3 points) Title – When did the title to the purchase transfer to the buyer? (5 points) Voidable – Is this contract voidable by either party? If so, explain the terms on which a party may void the contract. Are those terms on the receipt? If so, circle and label them; if not, where are the terms located? — Part 3, Potential Claims Suppose the purchase you made leads to a legal claim. Perhaps the item does not work as promised, or causes injury to you. Perhaps the services provided are unsatisfactory to you or incomplete. (5 points) Jurisdiction – Could this case be filed in federal court, or does it belong in state court? Explain your answer. (2 points) Identify and explain any terms in the purchase agreement that control where the case would be filed. (3 points) How long would you have to file the case? (10 points) List all remedies/damages would be available to you as a result of the case. Would punitive damages be available? Of those remedies, which would likely be most appropriate given the nature of your purchase? There are other attachments, please ask support to send them.

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