Lea is an in-demand actress. Tell-All magazine sends Lea an offer to her to appear in a ten page feature spread and pay her $20,000. Lea responds to the offer in the following manner: "I would love to appear in your magazine. However, I must insist that I am on the cover and receive $30,000."Tell-Alltells Lea this is impossible because it has already planned to feature someone else on the cover. Lea replies back that she would like move forward with the ten page feature for $20,000 after all. The magazine responds that it no longer wishes to work with Lea.

Identify all offers that were made in this scenario. Discuss whether the magazine is obligated to honor its original offer to pay Lea $20,000 for a ten spread in their magazine.