contracts discussion 6

Read the following scenarios and respond to the discussion post.

Bill owes Bob $500 for a gambling debt, which is not enforceable under the laws of the state. Bill and Bob have signed an agreement that is an attempt to enforce that debt anyway. He now wants to get out of it.

Bob sold a wrecked car to Bill that does not run, for $2,500. The car sits on a lot owned by Bob’s brother and has not been moved. The agreement to sell the car, including the price, time of payment, and a description of the car is in writing. Bill considers it a “sham transaction” which is just a way of getting him to pay the gambling debt. The parties made a verbal agreement that once Bill pays $500, the rest will be forgiven and the car title will never be transferred.

Wrecked Automobile

The debt is $500 more than the $2,000 value of the car, which is the exact amount of the gambling debt Bill owes to Bob.

Does the form of making it into a car sale make an otherwise unenforceable debt, enforceable?

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.