Renewal based on her performance delores accepts the

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renewal based on her performance. Delores accepts the offer. A valid contract requires an offer and an acceptance. B7. Jonah tells Levi he will give him an Xbox if Levi does Jonah’s chores for a month. Levi promises to do the chores. Jonah and Levi have formed a a bilateral contract. B8. Wilson buys a lottery ticket at his local gas station. Wilson has accepted an offer for a unilateral contract. B9. A letter-of-credit agreement between Rural Feed Corporation and Soybean Farms, Inc., requires Rural Feed’s bank to pay Soybean Farms on receipt of invoices. This letter of credit is a formal contract . B10. Following negotiations, Office Park, Inc., enters into an informal contract with Quality Janitorial Company for custodial services for Office Park’s buildings. This means that the parties’ contract requires no special form. B11. When Hester’s car breaks down, she asks Insta-Tow, Inc., to tow it to Jerry’s Repair Shop. There is no discussion of a price, and Hester and Insta-Tow do not sign any documents. Later, Insta-Tow sends Hester a bill. With respect to Hester’s obligation to pay the bill, this is an implied contract. B12. Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex. These parties have an express contract. B13. Avatar, Inc., agrees to deliver t-shirts emblazoned with video game characters for a certain price to Bling Bling Corporation. To constitute a contract, the terms of this deal may be express, implied, or a mixture of both .

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