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Receives the letter saturday

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Shelley sends Keats an offer via U.S. mail: "I offer to manage your website at a rate of $100 per hour. You must accept by Friday." Keats signs: "I accept, but I'll only pay you $90" and puts it in the mailbox on Friday. Shelley receives the letter Saturday. Which of the following is true?

I. A contract exists on the day Shelley sent the offer to Keats.

II. A contract exists as of Friday.

III. No contract exists because of the statute of frauds.

IV. No contract exists because of the mirror image rule.

-I only -I and III -I, II and IV -IV only -II only

Reference no: EM131233058

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