Latisha announces that he intends to sell his business, Payroll Service Company (PSC), at a price below its market value. Quality Bookkeeping, Inc. gives Owen a check for the stated amount. Latisha

1. may refuse to accept the check, because he only expressed an intent to do something

   in the future.

2. is bound to sell PSC to Quality Bookkeeping.

3. may refuse to accept the check, because he only expressed an opinion as to the worth

   of the business.

4. may refuse to accept the check, because he only expressed a willingness to discuss a

   possibility of entering into a contract.