Monica asks Ryan if he would like to sell his boat. Ryan doesnt think Monica could afford the boat and doesnt even want to sell it to her, but only says I will sell my boat to you for $35,000. Monica says Okay, deal. Ryan and Monica have:

Not formed a contract because $35,000 is insufficient consideration

Not formed a contract because Ryan clearly did not want to sell the boat

Formed a contract because of objective theory of contracts

Formed a contract because of subjective theory of contract