Question $2(1$ point$)$

Facts: A promises B that he will keep his offer to sell his land open until June $10$ so

that B can think it over if B pays him $$1,000.$ B writes A a check for $$1,000$ and puts

it in B$\text{'}$s own safe deposit box to which A has no access.

What best describes the B$\text{'}$s legal situation?

A valid option contract been formed and A must keep his offer open until

June $10.$

No valid option contract has been formed because $B$ has offered no valid

consideration to A for his promise to keep the offer open.

If $B$ decides that he does not want to buy the land after June $10$ option

period expires, $B$ is entitled to the $$1,000.$

No valid option contract is formed because $$1000$ is not enough money to

create an option on land.