Your answer should be as complete as possible. Do not deal just with conclusions. Example: if you say that a contract exists, that is a conclusion. Explain why you believe that a contract was or was not formed.

Problem:

Ms. Linda Bookworm is your next client. Ms. Bookworm is the owner of Linda's Bookstore which specializes in rare books. While on vacation, Linda was browsing through a bookstore when she saw a first edition copy of "Moby Dick" in mint condition. She knew that

Cliff Greenpeace, one of her regular clients, had been seeking a copy of "Moby Dick" for years, and she paid the owner of the store $30.00 for a five day option to purchase the book for

$3,000. The store owner accepted.

Linda immediately wired Greenpeace: "Have wonderful copy of 'Moby Dick'. The book is yours for $3,700.00. Respond immediately." When Greenpeace saw the telegram, he immediately responded by sending a telegram to Bookworm. "Will take 'Moby Dick'."

Unfortunately, the telegraph company misplaced the telegram, and Linda did not receive it until two days later. After waiting one day, Linda went back to the bookstore and told the owner that she was not interested. When she received the telegram from Greenpeace, she tried to buy the book, but it had been sold to another customer.

Does Linda have any legal claims against the owner of the bookstore? Does Greenpeace have any claims against Linda?

Discuss.