Frankie sends a written offer to Lena offering to buy her trailer for $5,000.00

Question

Frankie sends a written offer to Lena offering to buy her trailer for $5,000.00 on June 15, 2017.  Frankie states that she must accept by mail by June 30, 2017.  Lena puts her acceptance in the mail on June 17, 2017 at 3:00 p.m. About an hour later after Lena went to the post office, Frankie sees Lena at the grocery store and says, " I revoke my offer for the trailer." What is the status of the contract?
There is a contract as Lena accepted the contract when she put her acceptance in the mail.
There is no contract as Frankie revoked his offer before acceptance.
There is a contract, but only due to promissory estoppel.
There is a contr

Explanation / Answer

There is a contract as Lena accepted the contract when she put her acceptance in the mail.

The contract is valid because Lena had to accept the written offer from Frankie by 30th June 2017, the offer was accepted by Lena on 17th June 2017 and through mail. After the mail is done Frankie conveys that the offer is being revoked when they meet each other. A business communication is only valid when it is written down generally a verbal communication is considered as valid. Frankie revoked the contract after the acceptance from Lena, just face to face communication is not valid in this context.

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