Irac Contract Law Problem Question

IRAC stands for Issue, Rule, Application, and Conclusion. It is a legal writing technique that is widely used in law schools and by legal practitioners to analyze and solve legal problems. In this article, we will discuss an IRAC contract law problem question to give you an insight into how this technique works.

The Problem Question

Suppose Mark, a car dealer, proposes to sell a new car to John for $30,000. John accepts the offer and pays a deposit of $5,000. However, Mark changes his mind and refuses to sell the car to John. John is now seeking legal action to recover his deposit and compel Mark to sell the car to him.

Issue

The issue in this problem question is whether John has the legal right to recover his deposit and compel Mark to sell the car to him.

Rule

The rule in this case will depend on the type of contract that Mark and John entered into. In this case, it is a bilateral contract, which means both parties are obligated to perform their respective obligations. Mark has an obligation to sell the car to John, and John has an obligation to pay the remaining balance of $25,000. However, Mark has breached the contract by refusing to sell the car to John.

According to the common law doctrine of anticipatory breach, a party who anticipates a breach of contract by the other party may treat the contract as repudiated and sue for damages. In this case, John can treat Mark`s refusal to sell the car as a repudiation of the contract and sue for damages, including the return of his deposit.

Application

In this case, John has already paid a deposit of $5,000. He can seek to recover this deposit as well as sue Mark for damages caused by the breach of contract. John may also seek specific performance, which is an equitable remedy whereby the court orders the party in breach to perform their obligations under the contract. In this case, the court may order Mark to sell the car to John as per their contractual agreement.

Conclusion

In conclusion, John has the legal right to recover his deposit and sue Mark for damages caused by the breach of contract. He may also seek specific performance from the court to compel Mark to sell the car as per their contractual agreement. By applying the IRAC technique, legal practitioners can effectively analyze and solve legal problems, as demonstrated in this contract law problem question.

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