Problem $2$: Assume on April $1,$ Fred contracts with MNO Corporation where Fred asks

MNO Corporation to deliver to Fred $100$ barrels of chlorine by May $1,$ and if so$,$ Fred will

pay MNO Corporation $$\frac{15}{?}$ barrel or $$1,500.$ On this day, MNO Corporation responds to

Fred and says, "I promise to deliver the $100$ barrels of chlorine by May $1."$ On April $28,$

MNO Corporation has delivered to Fred $90$ barrels of chlorine, and on this day, Fred tells

MNO Corporation to stop delivering, that it no longer wants another $5$ barrels. MNO

Corporation tells Fred, $"$Ok$,$ but we had a contract for $$1,500,$ so you still owe us $$1,500,$

whether to take the other five barrels or not. Fred disagrees that he owes MNO the full

$$1,500,$ and he won't pay the remaining $$150.$ If MNO sues Fred, who wins and why? In

answering this question, explain if the contract was a bilateral or unilateral contract. What

remedy, if any, is MNO entitled to in this situation?