Business law

12. Joan mailed a letter to Sam on May 1 offering to buy his 1958 Corvette. Sam received the offer on May 5. On May 6, Sam sent a letter to Joan accepting the offer. On May 7, Joan called Sam and revoked her offer. Joan received the acceptance on May 8. Which statement is correct? a. A contract was formed on May 6. b. A contract was formed on May 8. c. There is no contract, because as of May 7 Joan lacked the intent to form a contract. d. A contract wasn't formed since Joan revoked the offer before she received the acceptance. 13. Manuel owned a cabin and 3,000 acres of land. He agreed in writing to sell the cabin and "as much land as needed to create a rural atmosphere" to Aluah for $180,000. If Aluah sues to enforce the agreement, she will probably: a. win, as the courts will decide how much land is needed to create a rural atmosphere. b. win, as Manuel would have to prove less than 3,000 acres was intended. c. lose, as the contract is not definite enough to enforce. d. lose, as there was no meeting of the minds