On June 5, Will mailed Sidney an offer to buy Sidney's lot for $50,000. On June 7, Sidney mailed a counteroffer in which he offered to sell the lot to Will in exchange for $50,000 and Will's sports car. Later, on June 7, Will mailed Sidney a revocation of Will's offer. Which of the following correctly describes the situation? (Select one, assuming all letters arrived in the same order in which they were sent.) a. Sidney's letter to Will terminated Will's offer. b. Will and Sidney do not have a contract. c. Will may now accept Sidney's counteroffer to sell his property. d. All of the above. Oe. None of the above.

On June 5, Will mailed Sidney an offer to buy Sidney's lot for $50,000. On June 7, Sidney mailed a counteroffer in which he offered to sell the lot to Will in exchange for $50,000 and Will's sports car. Later, on June 7, Will mailed Sidney a revocation of Will's offer. Which of the following correctly describes the situation? (Select one, assuming all letters arrived in the same order in which they were sent.) a. Sidney's letter to Will terminated Will's offer. b. Will and Sidney do not have a contract. c. Will may now accept Sidney's counteroffer to sell his property. d. All of the above. e. None of the above