Race Horse Breeder Melinda Smartay and Sportsman Santé Sharpe Had

Multiple Choice

Race horse breeder Melinda Smartay and sportsman Santé Sharpe had engaged in intermittent discussion and friendly argument over the sale price of "Intermittent Lightning," a thoroughbred. After they finally signed a contract transferring ownership to Sharpe, he confessed, "Y'know, I was prepared to offer you another 100 grand for that beauty." Smartay replied, "Well, I was prepared to let you steal it for a 100 grand less." Accordingly,

A) there was no valid contract since there was no meeting of the minds.
B) there was a valid contract under the objective theory of contracts.
C) horse-trading is a field unto itself where unique and special rules apply; their deal should be submitted to the official State Racing Board for review and approval.
D) contracts for the sale of goods require specific court approval and because none had yet occurred the agreement can be rescinded.