Required information 1. Enforceability of Contracts and Consent Defects Enforceability of Contracts and Consent Defects After a 30-year career as a shipping logistics executive, ishmeel retired and began to offer his services as a logistics consultant. Ishmael entered into a consulting contract with the general manager at Export Co to provide logistical advice to the company for 12 months. The parties agreed in the contract that Export will pay Ishmael $5,000 per month on the last day of each month. Ishmael promised to devote " 100 percent of his professional time" to Export for a period of at least eight consecutive weeks. 1d. Assume these facts for this question only. When... Assume these facts for this question only. When ishmael enters into the contract, he knows that Export oniy does international business transactions. Export asks ishmael if he has experience in logistics with international business tratisactions. Ishmoel does not. Ishmael feared that if he admitted that he did not have experience, he would lose the contract, so hie lied and said that he has consulted with opproximately twenty businesses on international. logistics. After a month, Export realized that ishmoel did not have the experience that he claimed. Export wants to avoid the remaining eleven months on the contract, but to do so would cost them damages of $20,000 in lost time, advertising and wages to retain a new consultant. ishmael cloims that the contract is valid. If Export were to attempt to avoid the contract whot is the likely result? They would be able to avoid the contract and would be able to collect damages for losses incurred. They would not be able to avoid the contract but would be able to collect damages for losses incurred. They would not be able to avoid the contract, nor be able to collect damages for losses incurted. They would be able to avold the contract, but not be able to collect damages for losses incurred, They would not be able to avold the contract and Export would have to poy treble domages for breaching a valid contract