1- Forty-old-old Carolyn drives a delivery truck locally. She is self-employed and independently contracts with various businesses in the New Haven area. If she takes time off, she losses income. Carolyn decides to go on a Dizzy cruise, so she makes an offer to 16-year-old Dylan to drive the truck for two weeks. In exchange, Dylan will receive $15 per hour for each hour she drives the truck. Dylan accepts the keys and a copy of the delivery route. Discuss whether Carolyn and Dylan have a valid contract in terms of the seven elements required for a valid contract. Which elements have been met and which ones have not, and state why or why not?

2- Paula decides she wants to open a pastry shop in South Windsor, CT, and call it Paula's Pastries Plus. She wants to start small and decides a sole proprietorship best fits her needs. Discuss at least two advantages and two disadvantages of this type of entity.

What paperwork is Paula required to complete before opening? Discuss how profits, losses, taxes, management, dissolution, and liability would be affected by this type of entity.