Card 33 / 54: Chang, a real estate developer, mentions to Sean that he plans to sell some property at a price below its market value. Sean gives Chang a check for the amount that Chang mentioned. Chang
A)
does not have a contract with Sean, and does not have to accept the check, because he merely indicated an intent to sell in the future
B)
has a contract with Sean
C)
does not have a contract with Sean, and does not have to accept the check, because he was mistaken about the market value of the property
D)
has a contract with Sean, but can rescind it, due to inadequate consideration
Answer:
A) does not have a contract with Sean, and does not have to accept the check, because he merely indicated an intent to sell in the future
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