preview

Business Law Case

Good Essays

The Masons’ vs R&G Auto Dealership To effectively resolve the dispute between The Masons’ and Rivertown and Gregory Ford & Chrysler, LLC, specific elements of the business law must be considered. After reviewing the details of this case, we will determine whether the Masons were unjustly enriched or if R&G was at fault for tort of conversion. Gaining insight on Georgia contract requirements will be a deciding factor, in whether this case can be settled through arbitration, or if it should be disputed in court through formal litigation. For a business contract to be legal, there are specific requirements that must be met between both parties. In the state of Georgia, the first requirement is for both parties to be in agreement with the contract, …show more content…

At the time of the contract endorsement, Paul was under the impression that his monthly car payments would be under their limit of $400 per month. Prior to signing the contract, Hector reassured the Masons that they would receive a fair price for their trade-in, as well as structure their monthly payments under this limit. Ultimately, some of these false statements from Hector, coerced Mr. Mason into signing the contract. Legal misrepresentation is defined as “failing to disclose the fact(s), the defendant intended that the plaintiff rely on, which results in a false impression” (Larson, 2010). In these circumstances, R &G failed to disclose material facts to the Masons, prior to endorsing the …show more content…

Such damages could include: Consequential damages, Punitive damages, Liquidated damages, and Nominal damages. Consequential damages would require R & G to pay the Masons an amount that puts them in the same position before the contract was performed. While Punitive damages would enable the courts to force R & G to make a payment as punishment for the breach of contract. Liquidated damages would mean that R & G would pay a specified sum, indicated in the contract. If awarded Nominal damages, the minimal amount would be provided to the Masons, if the case was won and the court did not find much financial

Get Access