Gary had put up an advertisement for sale of a van in a private vehicle sales website

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Question:

Gary had put up an advertisement for sale of a van in a private vehicle sales website for $30,000. Seeing that it was a good price, Pat sent an email to Gary asking whether the van was a 2013 Ford Galaxy, how many kilometres had been done and when was the earliest time that he could inspect the van. Gary replied stating that it was indeed a 2013 Ford Galaxy, that it had done 70,000 km and that the earliest he could inspect the van was 3rd September. Pat replied, "Great! See you then." While inspecting the van on 3rd September, Pat noticed a couple of scratches and dents on the van's bodywork and that the air conditioning and stereo units were not working as well. He then told Gary 'The best I can give you is $23,000.

Gary replied that $28,000 was his final price but seeing Pat hesitating stated, 'I will keep my offer open for a week. Let me know as soon as you can. I've got a lot of interest in my van from others.' Pat returned home and having researched further on other vans over the next couple of days, realised that vans over the next couple of days, realised that Gary's van was what he had liked most in spite of the issues with it. He also realised that if he really wanted to secure the van, bearing in mind the competition from other prospective buyers, he had to give Gary the original price he had advertised. On 7 September, Pat opened his emails intending to inform Gary that he wished to buy the van at his original price of $30,000. However, he noticed that Gary had sent him an email on 6 September stating that the van was no longer available for sale.

Questions

To complete this Case Study you will need to answer the following questions using the CASE STUDY (PART 1) TEMPLATE provided below:

Explain how the IRAC methodology works and what the benefits of using the IRAC are Provide definitions of each of the following IRAC components, namely:

Issue
Rules
Application
Conclusion

Apply the IRAC framework to the Case Study. (Note: This requires you to advise Pat on his legal rights under contract law, using the IRAC method. Refer to relevant legal principles and case law in your answer)

Reflect on how an IRAC response is different to writing essays or reports.