Options and Firm Offers.docx - The option C is the...

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The option C is the enforceable contract that Sally and Louie may have upon signing the paper. Thiscontract is enforceable since it contains the promise of Sally to reserve her Monday mow for Louie until 5p.m. and Louie promises to handle her $5IssueThe issue is the establishment of the contract between Sally and Louie, where Sally promises toreserve her Monday mow for Louie until 5 pm, when Louie is supposed to take the final decision andenforce the contract by handling Sally $5 and agreeing to the contract’s conditions.RuleThe rule is the restatement, para. 87 option contract, according to which an offer is binding asoption contract if it is written and signed by the offeror and is made irrevocable by the statute.Rule explanationThe rule means that the parties have signed the contract and the binding of the contract makes it

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