Taylor orally promises to pay Miguel $500. The next day, Miguel orally accepts the promise. Why is this not a valid contract? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Taylor's promise is not in writing. b Miguel's acceptance is not in writing. c There is no consideration in exchange for Taylor's promise. d This contract involves a small amount of money. In an email, Julian offers Miles $30 if Miles will mow her lawn on Saturday. In a phone call, Miles says that he will mow Julian's lawn, but on Sunday. Is Miles's statement a valid acceptance? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a No, because it is not in writing. b No, because he agreed to a different day. c No, because Miles did not directly reply to Julian's email. d Yes, because it is clear assent to Julian's offer. Darryl emails Ed an offer to rent his spare bedroom for the summer for $750. Ed calls Darryl and rejects the offer. Two days later, Ed replies to the email and accepts the offer. Do Darryl and Ed have a contract? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Yes, because Ed accepted the offer in writing. b Yes, but Darryl can cancel the contract now. c No, Ed's rejection terminated the offer. d No, Ed waited too long to accept the offer. Allie calls Peter and offers him $50 if he will drive her to the airport. Raymond overhears the conversation and says, "Deal." There is no contract because no valid offer was made to Raymond. Why? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The offer is for a service, not a good. b The amount of money involved is not enough for a valid contract. c The offer was not communicated to Raymond. d The offer is not in writing