QUESTION TWO Max writes a letter to his close friend, Lucy, and offers to sell her his car for $3,000. Lucy calls Max and explains that she needs a little time to think it over. Max tells her, "I'll give you till Monday August 19 to let me know whether you want the car." On Thursday August 15, Lucy posts a letter to Max agreeing to buy the car at the specified price. Later that Thursday, Max is approached by his work boss, Clara, who wishes to purchase Max's car. Clara offers $4,000. Max immediately accepts and leaves a message on Lucy's answering machine telling her that he has decided to sell the car to Clara instead. Lucy hears Max's message on Friday August 16 and Lucy's letter to Max is not delivered until Monday August 19. REQUIRED: Advise Max as to his contractual obligations in respect of the car.