1.Your company Infinity Beyond owns an office building and has found a buyer Itldodat to purchase the building for $1,000,000.00.A down payment will be required with the balance of the purchase price to be paid by the buyer within one year.

Part 1: You work in the sales department and have been assigned to draft the sale contract. You have been advised to add any extra terms and provisions which would benefit your company but the result must be that if the drafted contract is signed by both parties, thatthe contract will be a valid and enforceable contract.Prepare a draft of the contract.

Part 2: Once you have drafted the contract in a separate letter explain the contractual remedies available to each party if the other company refused to complete their duties required under the contract.