contract paper scenarioWrite a paper of no more than 1,400 words in which you answer the following questions:Identify the elements necessary to form the contract in the scenario. Was a valid contract formed? Explain your answer.
Will Paul and Priscilla be able to prove all elements of their breach of contract claim? Explain your answer.
What defenses does Danny have?
What remedies do Paul and Priscilla have?
Does the contract violate the statute of frauds? Explain your answer.
Should the breaching party consider creating a new contract, and if so, what should be included in the new contract?
Determine whether ADR is appropriate in this situation or whether the case should go to trial. Defend your response.
How were the principles of contract administration applied in the scenario? What aspects of the contract administration could have been handled more effectively?
Using contract administration principles, what are your recommendations to parties entering into contracts for the purchase of real estate?