Wes, Who Is an Art Collector, Offered to Buy a Print

Wes, who is an art collector, offered to buy a print from Le Monde Gallery. Le Monde balked at the price, sending Wes a letter of rejection. That day it discovered that the print was not as highly valued as originally thought. Le Monde immediately telephoned Wes to accept his offer. Is there a contract?

A) Yes, since the acceptance was received before the rejection.
B) No, because the rejection was effective upon dispatch.
C) No, because the rejection terminated the offer.
D) Yes, because the acceptance is always effective upon dispatch.