Tarzan Ltd. contracted with Incredibles Inc., whereby Incredibles Inc. would install computer software for Tarzan Ltd. During negotiations, Tarzan Ltd. offered to pay $5,000 for the full install to be completed within 72 hours from commencement. Incredibles Inc. thought the time frame was too short and offered $5,000 for the full install within 5 business days. Tarzan Ltd. was okay with the increased time frame but wanted a reduced price of $4,500 for the full install. Incredibles Inc. agreed, and the parties signed the contract.

A) Please list the elements of every contract that must be present for a contract to be binding.

B) From the fact pattern, please identify 1) the final offer and which party is the Offeror and which party is the Offeree and 2) the consideration each party will receive.

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