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Carl calls his friend Bob and offers to take Bobs guitar for nothing in exchange. Bob jokingly agrees. The next day, Carl goes over to

Carl calls his friend Bob and offers to take Bob’s guitar for nothing in exchange. Bob jokingly agrees. The next day, Carl goes over to Bob’s to collect his guitar, fully expecting to collect Bob’s guitar without giving Bob anything in return. Bob refuses to give it to Carl. Carl thinks they made a valid contract because Carl made and offer and Bob accepted.

Is Carl correct? Why or why not?

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