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Question
Bob Hunter, a merchant, makes an offer to Linda, another merchant, to buy 1,000 of her widgets in a signed letter containing all necessary terms of the offer. The letter states that Hunter will keep the offer open for three weeks from the day the offeree receives it. One week later, Hunter writes Linda another letter attempting to revoke his offer. Linda writes Hunter a letter accepting Hunter's original offer before she receives his revocation. What is the result?
A. Linda's acceptance is effective and a contract is created.
B. Hunter's revocation is effective and no contract is created.
C. Promissory estoppel prevents the formation of a contract in this situation.
D. Since it is an option offer, it cannot be revoked.
Answer
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