Sally owns a very expensive fur coat which Mary would like to buy.During the course of conversation,Mary asks how much Sally would take for the coat.Sally replies,"I am not sure I want to sell the coat,but I think it is worth about $3,000." Mary says,"That is a little more than I wanted to spend." Several days later,Mary calls Sally on the telephone and says,"I'll bring over the $3,000 today." Sally refuses to sell the coat,and Mary sues.What is the likely outcome?
A) Mary wins because a valid contract was created.
B) Sally wins because there was never any offer for Mary to accept.
C) Sally wins because when Mary said $3,000 was too much to pay, Mary rejected the offer.
D) Sally wins because Mary did not accept the offer in a reasonable manner.
E) Mary wins only if she can show she subjectively thought Mary was serious.
Correct Answer:
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