Zeeg offered, in writing, to purchase a warehouse and adjacent parking lot from Klint for $750,000 with Klint to hold $500,000 in financing, Klint counter-offered to sell the property to Zeeg for $850,000, all cash. Zeeg responded to the counteroffer agreeing to the new price and terms, but inserting a provision that gave Zeeg 60 days to locate a willing lender. Klint demanded, and Zeeg thereafter agreed, that Zeeg would pay Klint $1,500 within 30 days for Klint to keep the offer open. Under the circumstances 1) an enforceable option has been created. 2) Zeeg will not be bound to complete the transaction even if he finds an agreeable lender. O3) Klint may sell the property to another buyer, without liability to Zeeg, if he signs a contract prior to receiving $1,500 from Zeeg. 4) Because the terms of the agreement are unreasonably vague, no contract has been formed between Zeeg and Klint