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1) For the questions below, use the following fact pattern: You walk into the Las Vegas Pawn Shop and say I want to sell my

1) For the questions below, use the following fact pattern: You walk into the Las Vegas Pawn Shop and say "I want to sell my antique coin." Rick says, "how much do you want for it?" You say, "I want $600." Rick says, "I will give you $500 and not a penny more." You say, "that's good." In this scenario what is the:

a)Offer

b)Counteroffer

c)Acceptance

d)Consideration

2)Watch on History Channel or You Tube a transaction from the show Pawn Stars and describe it in contract terms. Identify the offer, counteroffer (if any), acceptance, and consideration.

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