Contracts
A Wyoming buyer's offer is valid until 5:00 PM on Friday. If the seller communicates acceptance at 5:15 PM on Friday, there is:
AA binding contract because the offer was almost accepted in time
BNo contract because the offer had expired before acceptance✓ Correct
CA binding contract if the buyer subsequently confirms acceptance
DA voidable contract that the buyer can affirm or reject
Explanation
An offer that expires is no longer open for acceptance. The seller's 5:15 PM response is too late—the offer has already expired. The seller's 'acceptance' is actually a new offer (counteroffer) that the buyer may choose to accept or reject.
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