You are in the train station waiting for your train to arrive. You see a vending machine from where youcan buy snacks and chips for $3.50. Posted on the machine is a sign saying: "Property of XYZ Vendsolutions Pty Ltd". You insert the coins required intothe machine and out comes a packet ofchips. However, when you open the packet of chips, you find bits of plastic inside and you don't wantto eat the chips. You want your money back.

Required:

With reference to the essential elements for the formation of a contract, explain:

1. a)Did you enter into a contract in this scenario?
2. b)If your answer is yes, with whom did you enter a contract