Nicola is the owner of a furniture store called Frontier Furniture Customers can make a purchase from Frontier Furniture by using cash, credit , or financing options . Nancy who is sixteen entered the store and wanted to purchase a new dining room set which cost $ 2500 . Nicola sold the dining room set to Nancy for a down payment of $ 250 . Nancy agreed to pay the remaining balance in 12 monthly payments of $ 187.50 . Discuss contract considerations in this case . Who must honour this contract and why ? What would happen is Nancy ended the contract ? What would happen if Nicola ended the contract ?