Case Study: The Masons New Car

The Masons ' New Car

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The Masons ' New Car Decide whether this Court should hear this case or dismiss the case and direct the parties to binding arbitration in agreement with the Retail Buyer’s Order. Masons had signed various black contracts that included a Retail Installment Sales Contract; Retail Buyers’ Order and an Odometer Disclosure form. As such, they appear to have in principle agreed to the terms and conditions of the contracts and hence were liable to abide by the agreements. A contract is an agreement or covenant amid two or more individuals with a lawful cause or considerations (Koffman & Macdonald, 2010). It was the role of the Masons to ensure that they had read and understood all the terms of contracts prior to allowing themselves sign the contracts and this might include making an appointment on a later date when they could be able to access the and read the documents (Blum, 2007).

The arbitration clause in the Retail Buyers

This was fraud on the part of the Masons as they were seeking for a high trade value of about 2,800 dollars that they had agreed with Hector. However, the actual trade value for the van was 800 dollars that it was later sold at the auction. Further on, it was discovered that the Masons had a low monthly income and a poor credit history and no third party finance company was willing to purchase the contract. The Masons ought to be held reasonable for the new car usage at the standard lease mileage rates set by the company. Through using the New Chrysler, the Masons have been enriched unjustly and ought to pay for the real value of the use of the car. This can also be categorized as a form of fraud. The poor credit history of the family highlights these