Please identify, analyze and draw relevant conclusions to each of the contracts, torts, crimes and other issues found in the hypothetical.

Jake knew that the authorities would soon be on his case and decided to quickly sell the Tesla. He called his friend, Minor Mitch, a 17 year old who desired his first car. Jake drove to Mitch's house and stated, "if you pay me $20,000 I promise to sell you the Tesla." Mitch, without saying a word, takes out his piggybank and grabs $20,000 and gives it to Jake. Mitch grabs the keys to the Tesla, gets in the driver's seat and takes off, only to be stopped by the pole he runs into down the street.

Jake hobbled home where he found the following pieces of mail: Letter from MitchAsking for his $20,000 back.