Assignment:
Question 1. Sue and Roy are riding their horses together. Sue jokingly tells Roy that Roy's horse is too slow. Roy laughs and jokingly responds "Yes he is too slow! I would sell him for $5!" Sue hands Roy $5. This is
- a valid acceptance because Sue gave Roy the money in a reasonable time.
- a valid acceptance because there is consideration on both sides.
- Not a valid acceptance because Roy's offer was made in jest.
- not a valid acceptance because Roy's horse is worth more than $5.