Consider the following simple proposed contract for sale:I, Ben Buyer, agree to buy and pay $20,000, and I, Cecil Celler, agree to sell the parcel of real estate at 1013 NE Seventh Road in North Platt, Nebraska. Signed: Ben Buyer Signed: Cecil CellerA contract for sale must have seven elements to be valid: competent parties; legal objective; consideration; offer and acceptance; no defect in mutual assent; in writing; unambiguous description of property. Does this simple contract meet these requirements

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?