Post a response for each of the hypothetical questions below.

Chapter 8. Contract Classification:High-Flying Advertising, Inc., contracted with Big Burger Restaurants to fly an advertisement above the Connecticut beaches. The advertisement offered $5,000 to any person who could swim from the Connecticut beaches to Long Island across the Long Island Sound in less than a day.McElfreshsaw the streamer and accepted the challenge. He started his marathon swim that same day at 10a.m. After he had been swimming for four hours and was about halfway across the sound,McElfreshsaw another plane pulling a streamer that read, "Big Burger revokes." Is there a contract betweenMcElfreshand Big Burger? If there is a contract, classify it by types.

_{9-1. Offer:Chernek, operating a sole proprietorship, has a large piece of used farm equipment for sale. He offers to sell the equipment toBollowfor $10,000. Discuss the legal effects of the following events on the offer.}

_{1)Chernekdies prior toBollow'sacceptance. At the time she accepts,Bollowis unaware ofChernek'sdeath.}

_{2)Bollowpays $100 for a thirty-day option to purchase the farm equipment. During this period,Chernekdies. Later,Bollowaccepts the offer, knowing ofChernek'sdeath.}

_{3)Bollowpays $100 for a thirty-day option to purchase the equipment. During this period,Bollowdies.Bollow'sestate acceptsChernek'soffer within the stipulated time period.}

10-3. Bargained-for Exchange:On BrendaSniezek'sfirst day of work for the Kansas City Chiefs Football Club, she signed a document that compelled arbitration of any disputes that she might have with the Chiefs. In the document,Sniezekpromised that on the arbitrator's decision, she would release the Chiefs from any related claims. Nowhere in the document did the Chiefs agree to do nothing in return forSniezek'spromise. Was there consideration for the arbitration provision? Explain.