Raymond, Inc. distributes and markets athletic apparel from its corporate headquarters in Fond Du Lac, Wisconsin and

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Question:

Raymond, Inc. distributes and markets athletic apparel from its corporate headquarters in Fond Du Lac, Wisconsin and it sells them to the Sound Tigers Management of Bridgeport, Connecticut. Raymond Inc. also owns commercial property located at 60 Main Street in Bridgeport, Connecticut that it no longer needs as part of its operations.

Raymond Inc. offers to sell the premises to Sound Tigers Management for the sum of $10,000,000.

Sound Tigers Management could use the commercial property to build a corporate headquarters as well as for additional parking for its nearby professional minor league sports franchises. Sound Tigers Management responds with a proposal to purchase the land for $9,250,000.

A contract is entered into for the sales price of $9,250,000 and is signed first by Kitty White as President of Raymond, Inc. It is subsequently signed by Thomas Orange on behalf of Sound Tigers Management.

After he signs the contract, Thomas Orange inserts the handwritten phrase:
"Seller responsible for all utility bills post-closing for 2 months."

What are the formal requirements of a contract as we discussed in class?
Define mutual assent, rejection and counter-offer and apply these definitions to the above fact pattern?
What is the Statute of Frauds and does this Agreement above satisfy the requirements of the Statute of Frauds?
What is the Mirror Image Rule?
Does the above agreement satisfy Mirror Image Rule with the additional phrase added by Thomas Orange or without the additional phrase added by Thomas Orange?
At the closing, Thomas Orange on behalf of Sound Tigers Management agrees to the sale of an additional $2,700 worth of sports apparel from Raymond, Inc. based on a hand shake only. Does this agreement result in a valid contract agreement for the sale of the sports apparel?