d: Test $2$

i$.$

Help

Save & Exit

Sub

I June $1,$ Farnsworth, the CEO of Thriftyco, sent a letter to Bainbridge, the regional sales manager of Technopress Corporation The letter stated: $"$We offer you the b of national sales manager for Thriftyco in consideration of $$200,000$ a year and $2\%$ of gross sales revenues. Acceptance must be by regular mail." On June $3,$ arnsworth had second thoughts and sent mail to Bainbridge saying, "The offer is revoked, we are going in another direction." On June $4,$ Bainbridge sent a letter ccepting the offer. On June $5,$ Farnsworth's revocation arrived at Bainbridge's house. Was a contract formed in this case? Why$/$why not?

Multiple Choice

Yes, a contract was formed because Bainbridge accepted the offer before receiving Farnsworth's revocation.

No$,$ a contract was not formed because Farnsworth sent his revocation before Bainbridge sent his acceptance.

No$,$ a contract was not formed because an offeror may always revoke an offer, even after acceptance, prior to the performance commencing.

Yes, a contract was formed because an offeror may not revoke before the offeree has had fair opportunity to consider the offer.