The Robinsons offered to sell Joey their house for $200,000. Joey thinks the price is too high and drops a rejection letter in the U.S. Mail. Later that same day, he sees another house for sale in the same neighborhood that just appraised at $260,000. He decides the price on the Robinsons' house is fair after all, and he drops his acceptance letter in the mail that same afternoon. Which of the following is true: 1) The rejection is effective. Joey is too late. L 2) The acceptance is effective. Joey just bought the house. J 3) Whichever is received first will be effective. Wait and see. K Neither is effective, because the Robinsons will be confused and not know what to do. K