Answers must be complete, logical, thoughtful, supported by examples, well written

SCENARIO ONE

Betsy owns a business in South City. Her friend, Walter, lived in Northville. Over the years, Betsy often suggested to Walter that he move toSouth City and work for her. A short time ago, Walter decided to follow Betsy'ssuggestion. He called Betsy and asked if she was still interested in hiring him. Betsyreplied, "Of course. Get down here as soon as possible and we can see where youwould fit in." Walter agreed and told her that he would give notice at his current job andwould be in South City by the end of the month.Walter gave notice at work and shipped his furniture to South City at a cost of $5,000and bought a one-way plane ticket for $250. When Walter called Betsy upon his arrival in South City, she told him that she had just lost a major customer and had to impose rigorous cost-cutting. She, therefore, could no longer employ him. Walter tried for two months to find another job in South City but nothing was available.Walter's previous employer was willing to rehire him, so he moved back to Northville,paying another $5,000 for movers and $250 for airfare.

1. Did Betsy and Walter form a valid contract? In your answer, discuss offer, acceptance, and consideration.
2. Did Betsy breach the contract?If so, how?What arguments supported by factscanBetsyraise?
3. What damages, if any, does Betsy oweWalter? Explain.