Question 1 & Explain Answer Please

A city has determined that next fiscal year they will need to raise $1,240,000 in real estate tax revenue. The assessed value of all real estate within the city is $310 million, so the city establishes a mill rate of $.004. A property owner's home in the city is assessed for tax purposes at $210,000. Next fiscal year, what will this property owner pay in property taxes?

A - $496 B - $840 C - $1,240 D - $1,476

Question 2

An agent representing the seller draws up a contract on January 1 offering to sell a property for $700,00 with an option clause extending the open offer through January 14. The seller has second thoughts and decides to revoke his offer on January 5. A courier service was sent to convey revocation of the contract, however due to unforeseen circumstances the package was not actually delivered until January 9.

If the buyer accepts the offer on January 9, which of the following statements is true?

A - The contract is void. B - The contract is valid. C - The contract is lapsed. D - The contract is voidable.