Write a 1-2 page executive summary answering the following questions:
1. What are the four elements of a valid contract?
2. Describe the objective theory of contracts. How does that theory apply to this case?
3. Why do you think the court held that there was not a valid agreement here?
4. Are advertisements generally considered offers? Why or why not?
5. How does this case differ from a reward situation, where a unilateral contract is formed upon completion of the requested act?
1. Agreement. To have an enforceable contract, there must be an agreement between the parties. …
