Monica offered in writing to sell 1.3 acres of undeveloped commercial real estate to Rachel for $66,000. The offer stated that it would remain open for 14 days "to provide Rachel an opportunity to fully consider the terms." Monica's offer

Question 4 options:

1)	will terminate if Monica withdraws the offer on day 12.
2)	is an option contract since Monica has agreed not to withdraw his offer for 14 days.
3)	may be accepted by Rachel on day 7 even if Kline dies on day 3.
4)	may be accepted by Rachel on day 13 at the original price of $66,000 even if Rachel made a counteroffer of $60,000 on day 2.