On November 1, 2015, Sam made an offer to Bobby by mail for the sale of his mobile home lot at $14,000. Sam's offer included the following: "Acceptance must be by Federal Express no later than 10:30 a.m. on November 5, 2015." Bobby accepted the offer by mail on November 4. The acceptance arrived at 8 a.m. on November 5.
A) Sam and Bobby do not have a contract
B) Sam and Bobby had a contract as of November 4
C) Sam and Bobby had a contract as of November 5
D) Bobby's acceptance is effective as of 10:30 a.m. on November 5 as long as Sam hasn't revoked the offer
Correct Answer:
Verified
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