CONTRACTUAL FORMATION For LEGAL ENVIRONMENT OF BUSINESS Class.

CONTRACTUAL FORMATION:
1- Mowgli, a sharp businessman, and Kipling, an equally sharp businesswoman, occasionally see each other on the ride to work on the subway. During these rides, they enjoy talking about their respective businesses. After some time, it becomes clear to both of them that Kipling produces widgets she could profitably sell to Mowgli. Mowgli, unknown to Kipling, will be able to repackage and resell these widgets to one of his customers at a handsome profit (if Kipling knew about this customer, she could have sold the widgets directly). As the subway rides continue, they discuss production, colors, sizes, shipment, price, delivery dates, quantities, and other aspects of a sale of widgets by Kipling to Mowgli. Their only communication is during these subway rides.
One day, after having not seen Kipling for a couple of weeks, Mowgli arrives at work to find a shipment of 10,000 widgets has been left on his loading dock. Checking his email, he finds an invoice from Kipling for $10,000 plus shipping costs. Mowgli lets the shipment sit on his loading dock for a week, then inspects some of the widgets, finding that they exactly conform to the discussions he had with Kipling on the subway. Mowgli calls up his customer, only to get a phone message announcing that a bankruptcy had been filed that morning and they were out of business.

“Take a position and discuss the formation (or non-formation) of a contract between Mowgli and Kipling, with emphasis on the elements of offer, acceptance, consideration and mutual assent, and things the parties could have done differently to alter the outcome of this situation.”
*** Please see the attachment ***

2- It should be between 450 and 600 words. Preferred font: Times New Roman, 12 point. Be sure to proofread and spellcheck! You are not required to submit a bibliography or footnotes.
*** Please see the Sample Case Solution that I attached, this is how I want my paper to be done***

3- The professor will look and grade these areas:
( Ability to identify the core issue in the case, Ability to the identify the applicable law, Ability to clearly and accurately apply the law to the case, Arrive at and set forth a conclusion that is supported by steps 1, 2 and 3. )

4- The textbook for this course is: “Business Law with UCC Applications 13th Edition by Gordon Brown , Paul Sukys. ”

5- I attached the issue (case) with Sample Case Solution .