Joe and Don are cousins and were very good friends. Joe told Don that Joe was looking at a used XXXZ motorcycle and it was the best looking bike that Joe had ever seen. Joe explained that the XXZ motorcycles were not made any more and they were rapidly becoming collector bikes. He told Don that the only problem was that the seller, Sam, was asking too much for the bike. Joe explained that he had offered $10,000 for the bike but the seller was asking $12,000. Joe was convinced that if the seller received an offer substantially lower than Joe's offer that the seller would come down in price. Joe asked Don to make an $8,000 offer for the bike. Don was very reluctant to do so. To make Don change his mind. Joe emphasized how helpful it had been for Joe not to mention to Don's wife the fact that Don was having an extra- marital affair. Feeling that he had little choice. Don agreed to make the offer after getting assurances from Joe that Joe would be the one buying the bike. Don mailed the following to Sam: "I hereby agree to buy the XXZ motorcycle you have for sale. I will pay no more than $8,000. While viewing the bike several days later, Joe noticed transmission fluid leaking from the bike. Knowing that the bike was being sold without any warranties because it was being sold "as is" as declared by a large sign on the bike, Joe told Sam that he, Joe was no longer interested in buying the bike. Disturbed by the loss of a potential buyer, Sam placed in the mail an "acceptance" of Don's $8,000 "offer. The next day, Joe told Don about the bike's problem and that he, Joe, was not going to buy the bike. Don immediately called up Sam and told Sam that Don was revoking his offer. Based on the material we've covered 1. Is there a valid contract between Don and Sam? Why or why not? Use the elements required to form a valid contract to answer your question. Assume the postbox rule applies 2. Is there a valid contract between Don and Joe? Why or why not? Use the elements required to form a valid contract to answer your question, Is the contract between Don and Joe void or voidable? Explain your answer. Grades will be assessed based on the accuracy and fullness of your answers, as well as grammar and spelling. Please do not copy and paste answers from the text or you will receive a grade of zero. Answers must be in your own words. All assignments are due on Sunday at 2pm. Late submissions will be subject to (-10%) for every hour or portion thereof delayed. unless an extension has been granted in advance. There is a maximum of 500 words