Help Save alt Sub 13 Akira, a hip hop star, was sitting in a hotel lobby when she was approached by Lucy, a record company executive. Lucy offered Akira $5 million for a three-year contract to record three albums for her company, which was the fair market value for a star of Akira's fame. Akira had no desire to record for Lucy's company, but after discussing the matter with Lucy for about half an hour, she signed a contract written on the back of a receipt from the hotel restaurant that Lucy wrote up on the spot. Akira thought it was a joke and had no subjective intentions of entering into the agreement which of the following is true of this situation? 00:2000 Multiple Choice There is no contract because Alena's subjective intentions prevent formation of the contract Since the contract was written without lawyers present, it was likely not really serious, so no contract was actually formed. Because the terms were fole, the parties are bourid by the contract regardless of their intent or capacity Akro's actions made her appear serious therefore, she is bound by the contract despite what she was inwardly thinking