Why Did the Court in Raffles V Wichelhaus Hold That

Multiple Choice

Why did the court in Raffles v Wichelhaus hold that there was no valid contract between the parties?

A) The ambiguity in the contract was the fault of neither party and each party had a different understanding of the agreement.
B) The contract failed to satisfy the requirement of formality.
C) The conduct of the parties would have led a reasonable person to believe that they did not intend to form a contract.
D) None of the options provided is correct.