Hi can you please explain which is the correct and why.

Jason offers to rent his house to Nancy $5000 per month. Nancy says she would like to rent the house, but for $4000 per month. Jason tells her Natasha has already offered to pay $4500 per month. Nancy says. "OK then, I'll pay $5000 per month." Have they reached an agreement that can form the basis of a contract? . Yes, because through the process of negotiation, Nancy has accepted Jason's original offer. . No, because Nancy's counteroffer of $4000 was a rejection of Jason's original offer, so there can be no contract unless Jason accepts Nancy's offer of $5000. . Yes, because Nancy has offered to pay more than $4500. . No, because Nancy is trying to interfere with Jason's contract with Natasha. . Yes, because of the Statute of Frauds. A credit card agreement is an example of an adhesion contract. True/False If a contract is made with a person required by law to hold a license, and the purpose of the license is protection of the public, the contract made by the unlicensed person will generally be unenforceable. True/False Walnut Co. is a merchant that sells chemicals and machinery used to extract and create essential oils. Shoyo Inc. makes luxury candle and aroma therapy brand products for retail sale. Shoyo's procurement officer called Walnut's sales manager by telephone and ordered machinery and chemicals from Walnut Co. Immediately after the telephone call, Walnut's sales manager sent an email on Walnut letterhead to Shoyo's buyer confirming the goods purchased and the terms of sale. Twenty days later, when the shipment of conforming goods arrived at Shoyo's warehouse, Shoyo's receiving department refused to accept delivery and Shoyo withheld payment for the purchases. Walnut sues Shoyo for breach of contract. Does Walnut win? . No, the contract did not contain the essential terms, so it cannot be enforced. . No, the contract was not formally written up, so it cannot be enforced. . Yes, because the merchant exception required Shoyo to object within 10 days after receiving the confirmation. . No, Shoyo never signed the contract, so it cannot be enforced. . Yes, because the confirmation was sent on Walnut Co's letterhead. Mary purchased a $500,000 life insurance policy through State House Insurance. Mary named her son, Daniel as the beneficiary of her policy. Daniel is an intended third party beneficiary under this contract. True/False Daio Wasabi Farm, a wasabi farm in Japan mails a written offer to sell specialty raw wasabi to Sushi Yasuda, a famous Japanese restaurant in the U.S. If Sushi Yasuda rejects the offer by mailing a letter back to Daio on July 1st, the rejection will be effective: . At 11:59pm on July 1st. .At 12:01am on July 2nd. .Immediately because of the mailbox rule. . When it is put in the mail, because of the mailbox rule. . When it is received by Daio Wasabi Farm.A promise to do what one has no prior legal duty to do does not establish legal consideration. True/False David saved Mandy's cat. Mandy was so thankful that she promised David she would give him $800. Later Mandy decided she would rather not. David sues Mandy for the $800. What is the most likely result? . Mandy wins because this was an illusory promise and there was no contract. . David wins because of promissory estoppel. . David wins because saving the cat was sufficient consideration to form a contract. . Mandy wins because her promise was for past consideration, so there was no contract. . Mandy wins because she can rescind the contact before it is carried out