On the 30^thJune Alan sends a letter to Robert offering to sell his car for $5,000. On the 2^ndJuly Alan changes his mind and writes to Robert informing him that the offer is no longer open. On 5^thJuly Robert receives Alan's offer letter dated the 30^thJune and writes back to accept. On 7^thJuly Robert receives Alan's second letter revoking the offer. Which of the following is true?

Select one:

a.

Offer was revoked on the 2^ndJuly and therefore there is no contract.

b.

Offer was revoked on the 7^thJuly and therefore there is no contract.

c.

Offer has not been terminated and the contract was formed on the 5^thJuly.