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On September 27, Summers sent Fox a letter offering to sell Fox a vacation home for $150,000. On October 2, Fox replied by mail agreeing to buy the home for $145,000. Summers did not reply to Fox. Fox sued Summers for nonperformance of the contract. Do Fox and Summers have a legally binding contract?a) No, because Fox failed to sign Summers's letter before returning it.b) No, because Fox's letter was a counteroffer and terminated the offer.c) Yes, because Summers's offer was validly accepted and a legal contract was formed.d) Yes, because Summers's silence is an implied approval of Fox's acceptance letter.

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Radio station KSCS broadcast jazz music. It announced to its audience that it would pay $25,000 to any listener who detected that it did not play 3 consecutive songs. Malia Jones listened to and heard the program in which 2 songs were followed by a commercial. She claimed the $25,000. The station refused to pay on the ground there was no consideration for its promise to pay that amount. Was the station liable?a) Yes, under the uniform commercial code, the parties are bound by the covenant of good faith and fair dealing.b) No, this unilateral contract was not supported by consideration on Malia's part and the station offered an illusory promise.c) Yes, the station is bound by this unilateral contract, the court found that by listening to this station because of the offer, Malia gave up her time and right to listen to other stations - and her forbearance is consideration.d) No, this is a bilateral contract and Malia did not accept the offer or provide any consideration.
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