Read Chapter 7 in your text.
Review Case 1 about Lucetta and Baking World in the Hypothetical Case Problems section in the Chapter Summary of Chapter 7, and answer the following questions:
Does a valid contract exist?
If so, explain each element of the contract.
If not, explain what elements are missing.
If Baking World ships only 10 pounds of flour, does your analysis change? Is there a valid contract?
If Baking World ships cornmeal, is there a valid contract? Why or why not?
Is this a breach of contract? Why or why not?
What are the damages for this specific breach of contract?
What are the remedies for this specific breach of contract?
Resource:
Rogers, S., & Seaquist, G. (2023). Essentials of business law (2nd ed.). The University of Arizona Global Campus.