Rex was having car trouble. In a fit of anger, he yelled, "For $2$ cents, I would sell this piece of junk." A bystander nearby said he accepted. Is there a valid contract?

Group of answer choices

No$,$ objectively, Rex did not have contractual intent.

No$,$ the consideration is inadequate.

Yes, there was a valid offer and acceptance.

Yes, subjectively, Rex had contractual intent at the time.