A sent B a letter stating "You have a 30-day option in which to purchase my car for $2,000." Twenty-five days later, B tendered$2,000 to A and informed him that he exercised the option. A claimed that he could not exercise the option because the option was not binding as A had not received anything for it. Was A correct? 5. The owner of a business made an offer to sell an interest in the business for a specified price. The buyer wrote back agreeing to the terms of the offer and stating that payment would be made in 30 days after the transaction was completed. Was the owner bound by a contract with the buyer?