Jay and Mark write and sign the following: This contract is dated January 1, 2021. Whereas Jay is desirous of contributing the sum of $250 toward Mark's purchase of an iPhone Model X on or before January 31, 2021, the undersigned, Jay, hereby agrees to pay Mark the said sum of $250 on or before January 31, 2021. Executed this 1st day of January, 2021 by: Jay Mark Which of the following is true: This contract is invalid because there has been no communication of the offer to the offeree This is an option contract This is an implied contract, voidable by Mark This is likely not a valid contract because of lack of consideration This contract is invalid under the statute of frauds