Tip: Read the instructions carefully and pay attention to the details.As a reminder, this assignment is designed so that you can do it without having done the reading assignment or prior research. Therefore, there is no wrong answer - you will be graded based on following instructions and completing the assignment. I encourage you to answer these questions to the best of your knowledge as of right now.

In this module, we will be focusing on that second essential element in creating a valid contract:consideration.Plainly put, it's the thing of value that the parties bargain for in the contract.

STEP 1 - Read the facts.

Your friend has a house that's worth $1.4 million. You offer to buy the house for $20 (that's right -twenty dollars) and a brand new stapler (worth $5).

Your friend agrees.

Note that there is no foul play involved. Your friend has his reasons for selling it for this price.

You both agree to enter into a contract. The consideration for this contract (i.e., the things of value being bargained for) is thehouseand the$20 + stapler.

STEP 2 - Post what you think.

Post below your responses to these questions:

1. Do you think the consideration here is enough to create a valid contract?

2. Do you think a court should interfere with this contract being formed?