On October 1, 2011, Ralph purchased a single family home in Highland park. Illinois for the price of $450,000.00. During the negotiation for said sale. Stanley the seller, represented to Ralph that said home wan constructed of fire proof materials and additionally was flood proof. on November 15, 2011 at 2 a.m. a fire broke out in the residence's kitchen, spreading throughout the first level. The fire was finally extinguished after waters from a nearby scream which overflowed its banks during a rain storm flooded the entire home. What remedied would Ralph have against Stanley the seller? Under what theory? Explain in detail. Explain fully what is meant by the term legally sufficient consideration and how this differs from adequate consideration. Give examples of each. Can minors, person under 18 years of age, be held available for their contracts? Give examples. At what point in time does an acceptance of an offer form a valid contract? Explain in detail