Bentley Sent a Letter to Helene That Said: "I'll Sell

Multiple Choice

Bentley sent a letter to Helene that said: "I'll sell 5000 widgets to you for $50 000. This offer is open for acceptance until August 10th." As soon as she received that letter on August 1st, Helene replied with a letter that said: "That sounds like a good deal. I will bring the money to your office on August 15th. I'll also collect the widgets at that time." When Helene arrived at Bentley's office on August 15th, however, he refused to accept the money or hand over the widgets. He explained that he had not yet received her letter. He also said that he was no longer willing to do business with her. Helene's letter finally reached Bentley on August 20th. By that time, the market value of the widgets had increased to $75 000. Applying the general rules, which statement is most likely TRUE?

A) A contract was created on August 20th.
B) Bentley revoked his offer on August 15th.
C) A contract was created on August 1st.
D) Bentley's offer was terminated by lapse of time.
E) A court would refuse to recognize a contract because it would be unfair to require Bentley to sell $75 000 worth of widgets for $50 000.