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QUESTION 2 WAS A CONTRACT FORMED? In each of the following situations, decide whether a contract was formed. If you decide that a contract exists,

QUESTION 2 WAS A CONTRACT FORMED? In each of the following situations, decide whether a contract was formed. If you decide that a contract exists, state exactly when the contract was formed and clearly state the reason(s for your decision? If you decide that there is no contract, explain your reason(s) for your legal conclusion. #1 revocable offer Day 1 revocation sent Day 2 acceptance sent Day 3 acceptance received Day 4 revocation received #2 irrevocable offer Day 1 revocation sent Day 2 revocation received Day 3 acceptance sent Day 4 acceptance received Day 5 period of irrevocability ends #3 irrevocable offer Day 1 revocation sent Day 2 revocation received Day 3 acceptance sent Day 4 period of irrevocability ends Day 5 acceptance received #4 revocable offer I (United States) Day 1 offer sent Day 2 offer received Day 3 revocation sent Day 4 revocation received Day 4 acceptance sent Day 5 acceptance received

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