What elements are necessary for a valid contract to exist? Define what constitutes a “valid offer.”

Gloria Smithson Gloria’s business is doing well. She has been manufacturing widgets in the United States, however, the costs for the raw materials have increased 200% with her current supplier. She has found a new U.S. supplier—Greenleaf Manufacturing—that is willing to negotiate costs with her. Gloria has scheduled an appointment with its CEO, Richard Franklin. […]