October 05, 2023 BUS-206 Lucy v. Zehmer In this case, the parties (Lucy and Zehmer) had been drinking and casually conversating when a bet of $50,000 for a farm turned into a signed contract for the sale of the property by both parties. Zehmer signed the contract in which he agreed to sell his farm to Lucy for $50,000, but a few days later when Lucy was ready to finish the process and close the sale, Zehmer refused to do so, which led to Lucy suing. The contractual element that Zehmer contended was missing was a good faith sale offer as he stated that he was drunk when he signed the contract and he did so in a "jest;" however, the court ruled in favor of Lucy and found the sale of the property to be a good faith sale offer and a good faith acceptance because Lucy thought from the beginning that the contract was a lawful agreement between both parties as Zehmer never expressed to Lucy that he was joking about the situation, at the end of the day, he was given an offer, and he accepted it by signing a contract; therefore, I totally agree with the court's ruling. Last year, I was wanting to buy a new car, but I didn't want to get in a financing contract with a big dealership, so my stepdad offered to pay for the car I wanted in full to avoid me going through a financing process, with the condition of me paying him something monthly until I finish up paying for the car, in other words, I'm entered a financing contract with my stepdad instead of the dealership, that way I can avoid hurting my credit scores and my stepdad is flexible with the amount of money that I pay him monthly. The element of contract in place are the offer made by my stepdad of him paying my car and me paying him little by little and the acceptance on my part, while the element missing is the legality, as neither one of us ever signed anything.