BUS 340 Business Law Contracts Exercise Please choose any one (1) of the following scenarios and write a brief paper {no more than one page) answering the questions at the end of the scenario. If you bring any research into your essay you must cite it and add a reference list at the end of the essay. Please use the title provided here at the top of your essay The Problematic Promotion Pepsi had a promotion whereby consumers were encouraged to collect "Pepsi points\" by consuming Pepsi products. They could then redeem the points for merchandise. If they did not have quite enough points for the prize they wanted, they could buy the needed additional points for 10 cents each; however, at least 15 original Pepsi points had to accompany each order. At the climax of an early commercial for the promotion, three young boys are sitting in front of a high school building, one reading his Pepsi Stuff catalog while the others drink Pepsi, all gazing in awe at object rushing overhead as the military march in the background builds a crescendo. A Harrier jet swings into view and lands by the side of the school building, next to a bicycle rack. Several students run for cover, and the velocity of the wind strips one hapless faculty member down to his underwear. While the faculty member is being deprived of his dignity, the voice-over announces: "Now the more Pepsi you drink, the more great stuff you're gonna get.\" A teenager opens the cockpit of the ghter and can be seen, without a helmet, holding Pepsi. He exclaims "Sure beats the bus,\" and chortles. The military drumroll sounds a nal time, as the following words appear: \"Harrier Fighter 7,000,000 Pepsi Points.\" A few second later, the following appears in more stylized script: \"Drink Pepsi - Get Stuff." John Leonard decided to accept Pepsi's offer of the Harrier Fighter jet for 7 million Pepsi points. He quickly realized that it would be easier to raise the money to buy points than to collect the 7 million points. In early March 1996, he lled out an order form requesting the jet and submitted it to Pepsi, along with 15 Pepsi points and a check for $700,000. In response, Pepsi sent him a letter saying, \"The item that you have requested is not pa rt of the Pepsi Stuff collection. It is not included in the catalogue or on the order form, and only catalogue merchandise can be redeemed under this program.\" John sued for breach of contract. 1. What is at issue? 2. Did Pepsi offer to sell the Harrier jet for 7 million points? 3. If there was a contract, what kind of contract formation would this be