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Sue and Roy are riding their horses together. Sue jokingly tells Roy that Roy's horse is too slow. Roy laughs…

josh
July 15, 2016 0 Comment

Sue and Roy are riding their horses together. Sue jokingly tells Roy that Roy’s horse is too slow. Roy laughs and jokingly responds “Yes he is too slow! I would sell him for $5!” Sue hands Roy $5. This is

a valid acceptance because Sue gave Roy the money in a reasonable time.

a valid acceptance because there is consideration on both sides.

Not a valid acceptance because Roy’s offer was made in jest.

not a valid acceptance because Roy’s horse is worth more than $5.

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