Part 1 is attached. Need part 2 Once the letter is completed, draft a legal memo to your instructor. The memo should be 2–3 pages. In the memo, be sure to do the following:
1. Fully explain why each paragraph included in the letter agreement is legally significant—i.e., explain which legal rules or concepts learned in this course are at work in each paragraph, and provide authority for any legal rules or concepts you identify, using Bluebook citation form. Your authorities must come from your textbook for this course, the Restatement (2nd) of Contracts, or the Uniform Commerical Code for your citations. Do not cite any other authorities.
2. Explain why you drafted each contractual term the way you did, i.e., why you think the term(s) in each paragraph is/are good for the seller and reasonable for the buyer.
3. For any provision you expect the buyer might find objectionable, explain why you expect an objection, and provide your reasoning for why the seller should insist on the language you have drafted.
4. For purposes of drafting the letter agreement, you may use outside sources, contract forms, or sample agreements that you might discover in outside research; however, you must fully disclose all sources you in any way rely upon to inform how you draft your letter agreement by citing them in your accompanying memo. While you may use outside sources to find ideas and even sample language for your letter agreement, the office memo must be entirely your own work product. You may not rely on any other student’s work product.
Submit this assignment by 11:59 p.m. (ET) on the Sunday of Module 7.