Business, 10.04.2020 23:12 bestsonever698

On May 1, X sends Y a letter offering to pay Y $1000 if Y will promise to paint X's house. The offer says nothing about stipulated or authorized means of acceptance. On May 2, Y sends X a letter rejecting X's offer. On May 3, Y changes his mind and (saying nothing about his May 2 letter) telephones X to accept the offer. On May 4, X goes completely insane. On May 5, X receives Y's rejection letter. Which of the following is true?

A) There is no contract because Y's written rejection was effective upon dispatch.
B) There is no contract because X's insanity terminated the offer on May 4.
C) There is no contract because Y's telephoned May 3 acceptance was inadequate.
D) There is a contract here.
E) b and c are true.

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On May 1, X sends Y a letter offering to pay Y $1000 if Y will promise to paint X's house. The offer...

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