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. Suppose that Bobby sent his acceptance via UPS overnight delivery on November 2 and the UPS package arrived at Sam's home by 10:30 a.m. on November 3.
A) Sam and Bobby do not have a contract
B) Sam and Bobby have a contract as of November 2
C) Sam and Bobby have a contract as of November 3
D) Sam and Bobby will have a contract on November 5 at 10:30 a.m.
Correct Answer:
Verified
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