Question $5(3$ points$)$

$$ Saved

You and your friends have been hanging out all day and drinking. One of your friends, who is visibly drunk, says that they really need a shed in his backyard built and will pay someone $$1,000$ plus materials to build it just to have it done. You offer to do it and they happily agree, giving you all the cash in their wallet to get started and says to do it next weekend when they are out of town. The nejxt Saturday you show up$,$ build the shed, and leave the receipt for your friend. They come back into town, see the shed and receipt and call you asking what it was all about. You explain the conversation from a few weekends ago and say that they can pay you next week.

Do you have a valid contract? If not, what element of a valid contract was not met?

Offer

Acceptance

Consideration

Legality

Capacity

All elements were satisfied