W 1. Review the rubric to make sure you understand the criteria for earning your grade. 2. In your textbook, The Legal Environment of Business, read Chapter 1.0, \"Contracts.\" 3. Review the following scenario: Cycle for Life, Inc., puts on the \"Ride like the Wind" lollmile race. cycle for Life advertised the rstplace prize of $50,000. The rules require the cyclists to ride 100 miles starting at Broadway Street, Nashville, Tennessee, to Mammoth Cave National Park in Kentucky. The rules also provide that Cycle for Life reserves the right to change the terms of the race at any time. Abraham enters the race and is declared the winner. Cycle for Life offers him a prize of $10,000 instead of $50,000. 4. Navigate to the threaded discussion and respond to the following prompts: a. Did Abraham and Cycle for Life have a valid contract, meeting all the necessary elements of a contract? Explain your answer. b. What type of contract has been entered into between Abraham and Cycle for Life? :2. Abraham demands the $50,000 prize money. Does Does Abraham have a right to the full amount? Explain your reasoning. d. Is it ethical for Cycle for Life to change the terms of the contract after the race has started? Support your reasoning with Scripture. Your initial post is due by the end of the fourth day of the workshop. Your post should be at least 300 words in length and use two credible sources that are properly cited. 6. Read and respond to at least two of your classmates' postings, as well as all instructor follow-up questions directed to you, by the end of the workshop