Write a 1-2 page executive summary answering the following questions: 1. What are the four elements of a valid contract? 2. Describe the objective theory of contracts. How does that theory apply to this case? 3. Why do you think the court held that there was not a valid agreement here? 4. Are advertisements generally considered offers? Why or why not? 5. How does this case differ from a reward situation, where a unilateral contract is formed upon completion of …showed first 75 words of 1122 total…

…showed last 75 words of 1122 total…or commercial ads. It seems as though this did nothing but cause a lot of confusion, misunderstanding, and not to mention, a lawsuit. To prevent this from happening ever again, I would hope that PepsiCo evaluate every future ad to make sure that everything is clear and the ability to misread or misunderstand anything is omitted. Reference: Cheeseman, Henry R. Contemporary Business and Online Commerce Law (5th Edition) Upper Saddle River, NJ Pearson Prentice Hall