Contracts 1. Each learning community must craft two stories and the resolve the issues presented just as you did the scenario below. I will be looking closely at the variety and number transactions that give rise a contractual analysis. Please refer to the list of terms and concepts I posted for study. Again writing well is important. Be reminded that seldom is good writing achieved on the first attempt. Don't submit until you are sure the document represents your very best effort. 2. The scenarios should not exceed 400 words but you will not be penalized for going slightly over. Example of scenario In 1992 Manny Rivera and his wife, Maria came from a South American country to visit their relatives in Newark, NJ. Because of the turmoil in their native country that decided not to return even though their vistas had expired. The couple had four children. The girls were born in 1994 and 1997. The boys were born in 2003 and 2005. The older girl graduated summa cum laude from RBS with a degree in accounting and finance. She works for JPMORGAN. The younger girl graduated from Wharton. She works part-time as an exotic dancer in Ironbound and is pursuing a Ph. D in economics at NYU. One of the boys, the older one, has become a bit estranged with his parents after announcing that he was gay. He and the father, in particular have a troubled relationship. The Rivera's were quite industrious. After being in the country only a few years. Mr. Rivera opened very success bodega in north Newark. Mrs. Rivera operated a beauty/ barber shop which specialized in the doobe curls and the Dominican fade. Things were going well financially for the family. Personally, however their relationship became strained. Mr. Rivera started an affair with Mila Diaz--- in short Mila was Mr. Rivera's "side". Maria threatened to leave Manny and file for divorce. To appease Maria, Manny promised to break the off the affair and buy the family a new house in Montclair. Manny entered into an oral agreement with Abdul Brown providing for an option to purchase the property for $450,000. As per the agreement Mr. Brown promised on January 1 to allow Manny three months to raise the 20% down payment and obtain financing. A closing date was set for march 1. Mr. Brown did not drink alcohol but indulged often - almost daily - in smoking weed. In fact, while negotiating with Manny he was somehow smoking his "trees "as he calls them, through an apple