Part A$-$ Contract $(8$ Points$)-$Think about a contract to which you were a party. Describe the type of contract; identify the parties; and classify the contract as being formal$/$informal$,$ express$/$implied$,$ valid$/$voidable$,$ and executed$/$executory$.$ Finally, explain why you made each of these classifications.

Part B$-$ Supplemental Folder Material $(24$ Points$)-$ After reviewing the content in the Supplemental Folder, answer the following questions:

$1.(2$ Points$)$ Please discuss two elements of a contract.

$2.(2$ Points$)$ Explain what an invitation to negotiate is and provide one example of an invitation to negotiate.

$3.(2$ Points$)$ Explain what a unilateral contract is and provide an example of a unilateral contract.

$4.(4$ Points$)$ Explain two ways that an offer can be terminated.

$5.(2$ Points$)$ Discuss what an acceptance is and explain when silence will constitute acceptance.

$6.(4$ Points$)$ Explain the holding or conclusion of one of the cases discussed in the "Offer and Acceptance" video under the Supplemental Folder.

$7.(4$ Points$)$ Discuss two things that you learned from the video $"10$"Off Things to Know Before Signing Any Contract."

$8.(4$ Points$)$ In this inital post, write a definite offer for either a service or a good. Be sure that it is a valid offer than can be accepted.