(1) who is the offerer and who is the offeree at each point in the conversation, (2) whether there is an offer, an acceptance, a rejection, a revocation, or a counteroffer, and (3) whether there is a valid and enforceable contract at the end of the scenario.

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YOUR NAME Stacy: I will sell you my minivan for $500. Contract Law Exercise Suzy: I'll give you $400 for it. Stacy: Ok, it's a deal! First, Define each of the following.... Stacy: I will sell you my minivan for $500. Suzy: I'll give you $400 for it. 1. Offer: Stacy: Make it $450 2. Acceptance: Suzy. OK, it's a deal. 3. Revocation: Stacy: I will sell you my minivan for $500. 4. Rejection: Suzy: No, I don't want it for $500. 5. Counteroffer: Suzy: But I'll give you $400 for it. 6. Consideration: Stacy: No way, you cheap bum! Suzy: Ok, Ok, I'll take it for $500. Now, apply to the following conversations... What is each Parts of the negotiation person's role Offer - Acceptance - Revocation - Rejection - Counteroffer - None of these Scenario in the conversation -- Is there a Identify each part of Offeror or contract? negotiation. Offeree? Stacy: I will sell you my minivan for $500. Yes. Suzy: OK, I accept. Stacy: Offero Stacy: Offer Suzy: Offeree Suzy: Acceptance Stacy: I will sell you my minivan for $500. Suzy: Well, let me think about it. Stacy: Never mind. I don't want to sell it anymore. Stacy: I will sell you my minivan for $500. Suzy: No thanks. I've seen your minivan! Stacy: I will sell you my minivan for $500. Suzy: No, I don't want it for $500. Suzy: But I'll give you $400 for it. Stacy: No way, you cheap bum