3. The town of Broomyille, along with local arts and athletic groups, decided to erect a new community centre for sports, music, and theatre. The total estimated cost was $18 Grill] 000. In April, Jane Borkus, president and CEO of the largest local industry, Autotech, promised to Chapter ? Formation of a Contract; Consideration and Intention 153I match every dollar raised through other donors, up to $9 000 000. Both she and the delighted town mayor, Geoff Johns, made the announcement over the local television station and in a joint statement in the town's newspaper. Borkus said the deadline would be 12 months. The following January, the campaign was proceeding extremely well: other donors had pledged $5 5130 00D and Borkus presented a cheque for $4 000 (1100 as Autotech's \" down payment and pledge of goodwill. " Unfortunately, in March, Autotech lost its major contract to supply car parts to one of the big three auto manufacturers. Anticipating a large loss at year's end. Borkus with- drew the pledge and asked for the return of the down payment. ll.ltr'hat arguments may be made on loehalf of the town both to keep the money paid and to require Autotech to honour its commitment? What do you think the decision would be