James says to Jack. I am selling my "Toyoda" for $500. Would you like to buy it. Jack, believing that James was referred to his automobile, replies, "yes I'll buy your Toyota for $500." Jack pays $500 and James presents him with a Japanese doll called Toyoda. Jack asks for his money back because he misunderstood James. Should this matter go to court, the court will most likely find that
A) there is a binding contract for the sale of the Toyota car because James should have made it clear what he was selling.
B) there is a binding contract for the sale of the Toyoda because that is what James meant when he made the offer.
C) no contract arose because a reasonable person would not believe that James would offer to sell his car for $500.
D) Jack's refusal to pay is a breach of contract.
E) there is a binding contract for the sale of the Toyota because that is the offer Jack believed he was accepting.
Correct Answer:
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