1. Identify all the elements that are required to create a valid simple contract. For each element, provide a 1 to 2 sentence explanation of what that element means. You may provide an example in your explanation. (Maximum 200 words) 2. Emily is 18 years old and has just graduated with a bachelor's in marketing degree from a well-known university. Even though she has not worked in a marketing job before and has no experience in a marketing role, she decides to apply as a part-time graduate assistant for Fido House, which is a charity dedicated to finding homes for abandoned dogs. Fido House agrees to pay Emily a nominal allowance of $1,000 a month, in view of her junior role and her lack of relevant job experience. Even though the salary is quite low, Emily decides to accept the job offer because she wants to work in a marketing role. Soon after, some of Fido House's major donors do not contribute their normal donations in the new financial year. This results in significantly lower funding for the company. Emily's manager tells her that her role has been dissolved and her services are no longer needed. Fido House owes Emily about $2,000 in back pay. When Emily asks for payment, the company says they do not owe her any money because Emily was not an employee. They were only giving her work experience. Besides, they didn't sign a written contract, Fido House is a charity, and so it is not liable to Emily. Does Emily have any rights to claim her back pay under contract law? (Maximum 300 words) 3. While jogging around his suburb one morning, Pedro sees a speedboat parked outside a house. There is a sign posted on the boat's windshield saying: "For sale $9,000, Text Andres on 0409876543. Direct buyers only!" A boat lover, Pedro calls the number advertised and leaves a voice message saying that he's happy to buy the boat for $7,000. He also leaves his return number. Andres is busy all day and only hears Pedro's message the next morning. He calls Pedro back; he also leaves a voice message saying that Pedro's price is too low, but he can get the boat for $8,000. That same day, however, another buyer sees the boat, and makes a $9,000 cash offer to Andres on the spot. Andres takes the money, signs over the boat's registration papers, and the buyer tows the boat away. 1 Pedro passes by Andres' house and sees that boat is gone. Panicking, he listens to his voice messages and hears Andres' message for the first time. He calls Andres right away and told him in no uncertain words that he accepts his offer. Pedro now thinks he has accepted Andres' offer so they now have a contract. When Pedro finds out that the boat has been sold to someone else, he gets very angry. He argues that he had already accepted Andres' verbal offer so he had no right to sell the boat to the other buyer. Does Pedro have a valid contract with Andres and he entitled to the boat? Explain with reference to all the elements of a valid contract. (Maximum 350 words