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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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