In three to five (3-5) pages, advise Jim and Laura based on the facts as presented, the material provided in the text, and material covered in the lecture. In your paper, be sure to address the following:
1. Define the elements of a legal contract using examples from the scenario where applicable.
2. Decide whether or not there was a contract for the purchase of the automobile.
3. Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.