Question
Jim offers to sell Wanda his car for $499. Wanda tells Jim that she would like to think it over. Jim tells her the offer
Jim offers to sell Wanda his car for $499. Wanda tells Jim that she would like to think it over. Jim tells her the offer will remain valid for 48 hours. Later that night Jim has an accident that destroys the car. The next day, Lesley, a mutual friend, calls Wanda and asks: Did you hear about Jim? He was in an accident las night. It's a miracle he is alive because his car was totaled. Later that afternoon, Wanda goes to the hospital to visit Jim and tells him that she is glad he's going to be okay and that she accepts his offer to contract. Is there still a valid contract?
A) There is no contract because prior to accepting the contract Wanda knew the car had been destroyed
B) No valid contract is formed because Wanda has not paid any portion of the purchase price to Jim.
C) A valid contract exists because Jim never revoked the offer.
D) There is no contract because the Statute of Frauds requires a written contract.
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