Precious, at a private party, agreed to sell LaStarshae her new Gucci purse for $2,000. LaStarshae asked Precious if she would hold the price open until the end of the month when LaStarshae received a quarterly bonus from her job. Precious agreed to do it for her as a favor. At the end of the month, LaStarshae approached Precious with $2,000 in hand, but Precious said "Sorry, LaStarshae, I just sold it to Celine, you're too late." What will be the result if LaStarshae sues for breach of contract?

Multiple Choice

• LaStarshae wins as this was a valid bilateral contract.
• LaStarshae wins as this was a valid option contract that Precious breached.
• Precious wins as there was no writing.
• Precious wins as there was no exchange of consideration.