Offeror says: "I will sell you my car for $$15,000$; if I don't hear from you by Friday, I will assume you have accepted my offer." Offeree does not respond. What result?

Group of answer choices

There is no contract. The offeree's silence is rejection.

There is a valid contract because the offeree's silence is an acceptance.

There is a contract because the offeree could have rejected the offer.

There is no contract because the price may be too high.