Jackson offered to sell his painting, Blue Opus #2, to Pollock for $ 10,000. Pollock was to send his acceptance by mail to Jackson by the 30th of the month. Before Pollock could accept the offer, Jackson died. Assume now that Pollock's acceptance arrived at Jackson's on the 21st and Jackson died two days later on the 23rd. Which statement best describes the legal status of the transaction?
a. A valid contract exists and Jackson's estate will have to sell Blue Opus #2 to Pollock for $10,000.
b. The contract is voidable, but only at the option of Jackson's estate.
c. The contract is voidable, but only Pollock has the right avoid it.
d. The contract is void because it terminated by operation of law at Jackson's death. The estate and Pollock would have to negotiate a new contract.
Ans: b. The contract is voidable, but only at the option of Jackson's estate.
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