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Question
Schwartz, a painter, offers to sell a painting entitled "The Riverside Damsel" to Grimgerde for $50. Grimgerde responds that she needs more time to think about Schwartz's offer. Then Schwartz dies and the value of the painting escalates. Grimgerde calls Schwartz's widow, Waltraute, and says "I accept Schwartz's offer." Which of the following statements is true?
A. There is a binding contract entitling Grimgerde to the painting.
B. There is a binding contract entitling Grimgerde to the painting if she did not know Schwartz was dead when she called Waltraute.
C. There is no binding contract entitling Grimgerde to the painting under any circumstances.
D. There is no binding contract entitling Grimgerde to the painting unless Grimgerde actually pays Waltraute the $50.
Answer
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