Please write in IRAC format a comprehensive response to the following scenario. Define all legal terms used and provide a Works Cited. Review the grading rubric prior to responding. The rubric for this assignment differs from the rubric that has been used throughout this course.

2. Ed, a businessperson, is a friend of Fran, the owner of a Percolated Coffee & Baked Goods 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. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability?