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On November 1, 2015, Sam Made an Offer to Bobby

Question 85

Multiple Choice

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

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