Benton Counter, formerly an accountant with the firm of Calculate, Connive & Audit, now owned and operated a corporation - Peak Performance Pontoons Inc. The business, located at 4445 Industrial Drive, North Vancouver, BC V7M 2S4, manufactures and sells white water pontoon skis. He also wanted to increase sales by manufacturing and selling accessory products. So, he acquired the patent on a new type of personal floatation device called the Fantastic Floater, pictured below:

The Rapid River Rafting Co, Limited Partnership, owned and operated by Ralph Rapid and Roberta River, located at 2389 Clever Avenue, Vancouver, BC V8N 2E5, wanted to purchase 100 Fantastic Floaters at $389.99 each. So, on October 20, 2022, Counter accepted the order with the agreed on price of $38,999.00.

The Rapid River Rafting Co., Limited Partnership will take delivery of the PFDs on November 16, 2022 and is to pay $8,999.00 upon delivery. The balance is to be paid in two instalments on the 15^th day of each of the next two months. Each instalment will consist of one-half of the remaining amount owed plus interest of 6% per annum.

Draft a contract attempting to be as fair as possible to both partis, and set the document up for signatures. The assignment must be typed and in hard copy. No e-mailed contracts will be accepted. Make sure your name and section number are on the title page. Include your calculations as part of your contract. You may also assume additional facts by including a list of same, but do not change any facts in the problem.