The owner of a new building wanted four maple trees, each six metres tall, planted on the north side of the building. Lloyd Landscaper submitted his offer of four six-metre maples planted for $800. The owner said he would pay $600 for that. Lloyd said that for $600 he would supply four smaller, ve-metre trees. The owner said, "$600 for ve-metre trees plus a Christmas tree for my kids." Lloyd was disgusted and said, \"Forget it. I don't need this job.\" As he was leaving, the owner said, "All right, I'll accept your offer of $600 for the ve- metre maples planted." Lloyd kept on walking. Which ofthe following is true? 0 There is no contract because Lloyd's last offer was revoked. Q There is no contract because Lloyd's last offer had lapsed after a reasonable time. Q There is no contract because Lloyd's last offer had been rejected by a counter-offer. Q There is a contract because at one point in the conversation Lloyd was willing to sell and the owner was willing to buy four trees. 0 There is no contract because there is a presumption in law in these circumstances that the parties did not intend to create a legal relationship