Legal Environments of Business Drafting a Contract

After making a very wise investment in art several years ago, SEYMOUR SELLER has decided it is time to sell the famous painting, entitled "Villains" by artist Crabby Squid. The painting has an approximate fair market value of $30,000 and is an oil on canvas original.

SEYMOUR places and ad on Craigslist which is answered by BUBBA BUYER. After inspecting the painting, BUBBA says he'll return at 6:00pm on May 1, 20XX with $27,500 "in cash."

Assume you are SEYMOUR SELLER, draft a simple contract that you and BUBBA BUYER can execute. Use May 1, 20XX

Use your creativity, imagination, legal experience, business experience, common sense, and negotiating skills to draft a contract that binds the other party, best serves and protects you, but also is fair enough that the other party will likely agree to its terms, or at least most of them. Turn in your best non-lawyer attempt at drafting a written contract in proper word- processed format. Make sure to cover all the basic contract requirements andadd whatever other provisions make sense to best serve your interests.Make reasonable assumptions for any additional information that you need that is not furnished.Neither buyer nor seller is a merchant - they are private parties.

The contract is to be very simple, yet enforceable by any court in California.

The Agreement should contain all necessary and at least 2 appropriate standard "boiler plate" contractual provisions. You may make up and add such additional facts and terms that you deem appropriate.