Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

Exercise 14

Manny offers to sell Gina his TV for $100 on January 1. On January 2, Gina writes out a letter of acceptance. On January 3, Gina drops the letter in a mailbox. On January 4, a postal worker gets the letter out of the mailbox and takes it to the post office. On January 5, the letter arrives inManny's mailbox. When (if ever) was a contract formed? (a) January 2
(b) January 3
(c) January 4
(d) January 5
(e) None of the above-a contract has not been formed.