Dana wanted to purchase Alyssa's new laptop. After a lengthy negotiation, Alyssa texted Dana and offered to sell her the laptop for $1,500. Required: Analyse the following possible scenarios with respect to whether Dana and Alyssa entered into a valid contract; and if so - what the terms of this contract are. Support your analysis with relevant case law and/or examples from class discussion where appropriate. Note: It is recommended that you limit your analysis to three lines per scenario; half a page for the whole answer. (a) Dana replied "I agree". Alyssa immediately asked for $1,600. Dana agreed, then changed her mind. Dana now insists on paying only $1,500. (4 Marks) (b) Dana rejected the offer. Alyssa then offered to sell Chris the laptop for $1,450. Dana hears about the offer to Chris and decides to accept it. (4 Marks) (c) Dana ignored the offer. Three weeks passed, and she now texts Alyssa saying she accepts it. (4 Marks)(d) Dana said, "Yes, but I have to check with my spouse first." Alyssa then decided to ask for $1,550. Dana opposes the change and claims that the parties had already reached the "point of no return". (4 Marks) (e) Dana replied, "Agreed, and I'd like to pay the $1,500 in a month". Alyssa disregards Dana's reply and offers the laptop to Jim. (4 Marks)QUESTION FIVE As a general rule, contract law does not require that contracts are in writing in order to be legally binding. (a) Parties often choose to put their contracts in writing, regardless of whether it is required by law. Detail two advantages of using written contracts even if this is not a formal legal requirement. (10 marks) (b) Despite the advantages you identied above, sometimes there are still good reasons to have unwritten contracts. Point out two examples and briey explain their rationale. (10 marks) (0) Explain how contracts in general, and written contracts in particular, impact and interact with people's ability to bring the future to the present. Make sure to use the appropriate contract law terminology