John Leonard, a 21-year-old business student, called Pepsi Co and was told he would need to drink 16.8 million cans of Pepsi in order to obtain the required points.He was also told that he had the option of buying Pepsi Co points for 10 cents each.Leonard developed a pool of investors (Pepsi drinkers) and delivered 15 PepsiCo points and a check for $700,008.50 for the remaining 6,999,985 points plus shipping and handling.

PepsiCo refused to provide Leonard with a Harrier jet because it said the ad was not an offer but a joke.Leonard filed sue but PepsiCo had already filed apre-emptivesuit asking that Leonard's suit be dismissed and declared frivolous and that PepsiCo shouldbe reimbursed for its legal expenses.

Did PepsiCo make an offer?Did Leonard accept?Was there a contract?Why or why not.Discuss.