List the requirements of valid contract

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Ed, a businessperson, is a friend of Fran, the owner of a Good Bean Coffee & Bagels store. Every day, Ed spends five minutes in Fran’s store, looking at the goods and usually buying one or two cinnamon buns or bagels. One afternoon, Ed goes into the store, looks at the items, and picks up a $1 chocolate brownie. Ed waves the brownie at Fran without saying a word and walks out.

A) List the Requirements of a valid contract:

B) Is there a contract? If so, how would it be classified?

Reference no: EM131600002

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