A contract was formed between ann and ben on friday

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Reference no: EM133210738

Question: Ann and Ben are discussing the sale of Ann's vintage record collection on Friday. Ann tells Ben that she needs to investigate before she can name a price. She says 'I will think will about it over the weekend and post you an offer. If the price is ok, let me know by return post. If you don't accept by Wednesday, I will sell it to Cam.' Ben receives Ann's letter on Monday at lunchtime offering to sell the collection for $1200. Ben posts his letter of acceptance later that afternoon, however, the letter is lost by Australia Post. Ben calls Ann on Thursday only to find that Ann has sold the collection to Cam.

Group of answer choices

There is no contract between Ann and Ben because there was no acceptance

A contract was formed between Ann and Ben on Monday

There is no contract between Ann and Ben because the collection was sold to Cam

A contract was formed between Ann and Ben on Friday

A contract was formed between Ann and Ben on Thursday

Reference no: EM133210738

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