I want correct answer with explanation...

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IncorrectQuestion 2 0 / 1 pts After spending $1 million to build a garage to house his collection of cars, Jerry hosted a "garage warming" party for his neighbors. At the party, one of the neighbors, George, asked Jerry if he'd be willing to sell the garage. Jerry laughed, "Oh sure, why don't you just give me $100 in $1 bills?" George replied, "OK. it's a deal." When George brought over $100 in $1 bills the next day, Jerry refused to sell the garage. Under these circumstances: Jerry and George have created a contract because Jerry made an offer, George accepted, and there was consideration. Incorrect. Please review Top Ten concept #1. C Jerry and George have not created a contract because Jerry paid $1 million for the garage, and George only brought over $100,000; the price must be reasonably related to the original cost. Jerry and George have not created a contract because Jerry was obviously joking; George could not reasonably have believed that Jerry intended an offer. C Jerry and George have created a contract because it doesn't matter that Jerry was kidding; parties are bound by their representations