Assignment task: Draft a legal contract with terms that both the buyer and the seller agree to.
You want to sell your motorbike for $6500. You know you need to have the buyer sign a contract so that there will be no misunderstandings in the future. Steve wants to buy the motorbike. Steve eventually intends to race with the bike and wants your guarantee that the bike will be fast enough to win. He insists that he will not buy the bike unless you can guarantee him that the bike will win races.
The contract in which you sell the bike to Steve for $6500.
It is a 2019 Suzuki RM-Z250, yellow and blue, bike. The Stock Number is : P621032.
You may use any sources you can find, including any sample contracts you might locate on the Internet.
Make sure the contract is legal and enforceable, and contains all the terms that both you and Steve want. The key to success with this contract is to remember that parties can agree to any terms they want (as long as they are legal) and the buyer of this motorbike wants a guarantee that the bike will win races. What are you, as the seller, willing to do if the bike does NOT win any races?