Toy Company sends a written offer, signed by its President, to sell Wal-Mart 10,000 dolls for $6.00 each. The offer states that Toy Company will hold the offer open for Wal-Mart, but Wal-Mart does not pay Toy Company any consideration for agreeing to keep the offer open. Toy Company sends notice after 100 days that it is revoking its offer.

IS TOY COMPANY'S REVOCATION VALID? WOULD YOUR ANSWER CHANGE IF TOY COMPANY REVOKED AFTER 80 DAYS? EXPLAIN YOUR REASONING