`1. Jeffries said to Ben, "I'll sell you my telescope for $150." Ben replied, "I won't give you $150, but I will give you $75." Jeffries said no. Ben then changed his mind and said, "Okay, I'll give you $150." Jeffries refused to sell the telescope to Ben, saying it was too late and he had decided to keep it. Ben now is claiming breach of contract. Did contract arise between Jeffries and Ben?

2. Washington subscribed to Weight Lifter magazine. About 3 months before the subscription ran out, he received a letter from the publishing company stating that his subscription would be renewed on the renewal date unless he notified the company to the contrary. Washington did not reply or renew his subscription. Is Washington bound by contract for the subscription renewal?

3. Percy offered a $25 reward for the return of an expensive calculator watch he had lost. Janet saw the notice in the newspaper and returned the watch, but Percy refused to give her the reward. Does Janet have a legal right to the reward?

4. Emmett offered Garnet $450 for for her computer printer and her her she had until noon the following day to accept. At 9:00am the next morning, Emmett called Garnet and withdrew his offer. Nevertheless, at 11:00am Garnet called Emmett back and accepted his offer, noting that Emmett had given her until noon of that day to accept. Is Garnet's acceptance legally binding?

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