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Discuss why you agree or disagree with their analysis, and explain your position. To establish whether a valid contract exists between Lucetta and Baking World,
Discuss why you agree or disagree with their analysis, and explain your position. To establish whether a valid contract exists between Lucetta and Baking World, it is essential to see if certain vital factors were met. These would include acceptance, consideration, and legality. In this case, an offer ensued when the party proposed to sell an agreed-upon amount of flour, and acceptance occurred when the other party agreed to buy it. Consideration refers to the exchange of something of value, such as money. The contract must also be for legal purposes. In this case, Baking World offered to sell Lucetta 20 lbs. of flour, and Lucetta accepted the offer. Lucetta agreed to pay $5 per lb., so the consideration is present. A valid contract exists since both parties are legally capable of fulfillment. If Baking World had only shipped 10 lbs. of flour, the situation would have changed since the original agreement terms would not have been met. If the contract specified a different amount, shipping only 10 lbs. would not meet the terms of the agreement, resulting in a breach. Even though Baking World delivered the incorrect amount, the contract is still in effect. The potential of a violation might diminish if Baking World completed the deal by promptly providing the other half and proving that it did not affect Lucetta's operations. If Baking World ships cornmeal instead of flour, this is a clear breach of contract. Sending a different product is a knowing change from the contract's t
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