Final answer:
The argument demonstrating the agreement between Sam and Lee for the bike purchase is strong. It contains all the essential elements of a contract: offer, acceptance, and consideration. Thus, their informal arrangement is deemed to be a binding agreement, comparable to other more formal contracts in real estate.
Step-by-step explanation:
In assessing whether the argument about Sam offering to buy Lee's bike for $150 by making weekly payments of $25 and Lee allowing Sam to use the bike is strong or has little to no evidence, we should consider the elements of a valid contract. A contract generally requires an offer, acceptance, and consideration. In this scenario, Sam has made an offer, Lee has accepted, and the consideration is the $150 in exchange for the bike. Furthermore, it is agreed that Sam can use the bike while making payments, implying a mutual understanding and a binding agreement.
Comparing this to other contract situations, like Freda buying a house for $150,000 in cash and its value increasing to $250,000, or Ben purchasing a house with a 20% down payment with the value increasing after making payments to the bank, we can see that contracts involving larger assets and investments are commonplace and can be complex with varying terms.
In contrast, the agreement between Sam and Lee is straightforward and based on terms they both agreed upon. Therefore, the argument representing their agreement can be considered strong, as it contains all the required elements of a contract, even if it is on a smaller and more informal scale.