Facts: A promises B that he will keep his offer to sell his land open until June 10 so that B can think it over if B pays him $1,000. B writes A a check for $1,000 and puts it in B's safe deposit box to which A has no BECESS. What best describes the B's legal situation? 1) A valid option contract been formed and A must keep his offer open until June 10. Correct Response 2) No valid option contract has been formed because B has offered no valid oonsideration to A for his promise to keep the offer open. 3) If B decides that he does not want to buy the land after June 10 option period expires. B is entitled to the $1,000. 4) No valid option contract is formed because $1000 is not enough money to create an option on land