Analyze the following hypothetical and then examine under the elements of a valid contract. The most effective manner will be to sub-divide by element (underline) and you must provide one reasonable argument for why it does or does not satisfy the element. Don't forget damages!Then, simply conclude by stating how you feel a court should most likely rule, including remedy.

Sal put a sign in the window of her 1968 Chevy C-10 pickup that read: "For sale @ $12,300. As is." Bud pulled up next to Sally at a red light. He got her attention and yelled, "Nice truck! You've got yourself a deal, lady! I've got your price in cash, right here." He waved some bills. "Just pull into that parking lot over there." Sal looked at him with surprise. "Well . . . ok. Let's talk."

They parked and got out of their vehicles. Sal regarded Bud skeptically. "You've got $12,300 in cash?" "Yeah," replied Bud. "I'm a truck collector. I sold a nice El Camino this morning and the buyer paid cash. That's why I'm towing an empty trailer." He gestured at his rig. "What's the hurry?" asked Sal. Bud shrugged. "I know a good deal when I see one. Why wait?" "OK," said Sal. "But you have to give me a lift home."

Bud loaded Sal's Chevy onto his trailer and they both climbed into the cab of his truck. On the way to Sal's house, they discussed the truck's value. Bud chuckled, "I'll have to clean it up of course, and eat some marketing costs, but I bet I can sell that Chevy for a good $28,000." "What?!" Sal replied with shock. "I'm putting this deal on ice until after I hear from my contracts lawyer." ANALYZE USING IRAC FORMULA and elements of a contract, making definite conclusions. Should be clear and lengthy details explanation