Case Study

Business Law

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

Write the answer in essay form. Use a cover page, 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 $20,000ready. Cato decides not to sell and says that 1) he was to drunk tounderstand what he was doing, 2) the amount offered was not a fairbargain, 3) the napking was not a “car title” and therefore was not anenforceable sale.

Discuss whether Cato or Isabella will win based on the three argumentsraised by

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