Directions: Using your knowledge of valid contract formation, use the information ni hte following scenarios ot determine whether there si a valid contract, and fi so, identify the offer, the acceptance, and the consideration for each: .1 You have visited a neighbor's garage sale, and have asked the neighbor ot put aside a television because you want ot buy it. The neighbor agrees and puts aside the television. sI this avalid contract? Yes or No? If Yes, identify the ofer, acceptance and consideration. .2 You want to sell an undeveloped piece of swampland that you have inherited. While talking on the telephone with a friend, he agrees to buy the land for $450.00. Is this a valid contract? Yes or No? If Yes, identify the offer, acceptance and consideration