1.Ms. Cleo Tran owns a very warm down comforter because of those frigid Ho Chi Minh City summer nights. Ms. Mariya M. Nishizawa would like to buy the comforter because those nights are even colder in Guam. During the course of a conversation, Mariya asks Cleo what price she would accept for the comforter. Cleo replies, "I am not sure I want to sell the comforter, but I think it is worth about $300." Mariya says, "That is a little more than I wanted to spend." Two weeks later, Mariya telephoned Cleo and says, "I'll bring over the $300 today." Cleo refuses to sell the comforter and Mariya sues. What results?

a. Mariya wins because a valid contract was created.

b. Cleo wins because Mariya did not accept the offer in a reasonable manner.

c. Cleo wins because when Mariya said $300 was too much to pay, Mariya rejected the offer.

d. Cleo wins because there was never any offer for Mariya to accept.

e. Cleo wins because Mariya's offer expired due to the passing of a reasonable time.

2.Bing Wu, Nick Wu, Darren Wu, and Shuzhen Wu, (no known relation) are sitting at SJSU's Cafe Rosso's food court when they find concert tickets resting on a table. The tickets are to the opening night of Britney Spears's, Lindsey Lohan's and Nicole Richie's OUT OF REHAB, AGAIN, AND READY TO P-A-R-T-Y!!! concert. The tickets contain no name or other indication as to whose they are. Bing and Shuzhen are excited because Britney, Lindsey and Nicole are their favorite celebrities and they really want to go to the concert. And Darren is really excited because who knows, maybe his idol, Paris Hilton will be there!! Which of the following could be crucial as to whether the Wu's or the restaurant would get the tickets?

a. Whether the tickets are lost or mislaid property.

b. Whether they are real or personal property.

c. Whether the tickets have already been paid for or not.

d. Whether the tickets are a treasure trove.

e. Whether they are tangible or intangible property.