Question
On Aprii 1, Hollister Corp. faxed Maynard an offer to purchase Maynard's warehouse for $500,000. The offer stated that it would remain open only until
On Aprii 1, Hollister Corp. faxed Maynard an offer to purchase Maynard's warehouse for $500,000. The offer stated that it would remain open only until April 4 and that acceptance must be received to be effective. Maynard sent an acceptance on April 4 by overnight mail and Hollister received it on April 5. Which of the following statements is correct?
A. | No contract was formed because Maynard sent the acceptance by an unauthorized method. | |
B. | A contract was formed when Hollister received Maynard's acceptance. | |
C. | No contract was formed because Hollister received Maynard's acceptance after April 4. | |
D. | A contract was formed when Maynard sent the acceptance. |
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