Manny Manufacturer sent an e-mail to its widget supplier with this message: "Please confirm by return e-mail if you will be able to send me an additional ten dozen red widgets for the usual price by the thirtieth of this month." Supplier e-mailed back: "Yes, the additional widgets will be part of our delivery to you on the morning of the thirtieth." This exchange created what type of contract?

Cornwith agreed to serve as a surety on a loan by Super Credit Corporation to Fairfax, one of Cornwith's major customers. The relationship between Fairfax and Super deteriorated to a point of hatred as a result of several late payments on the loan. On the due date of the final payment, Fairfax appeared 15 minutes before closing and tendered payment of the entire amount owing to Super. The office manager of Super told Fairfax that he was too late and would have to pay the next day with additional interest and penalties. Fairfax again tendered the payment, which was again refused. It is now several months later and Super is seeking to collect from either Cornwith or Fairfax or both. What are Super's rights under the circumstances?

A. It cannot collect anything from either party. B. The tender of performance released Cornwith from his obligation. C. The tender of performance was too late and rightfully refused. D. Cornwith is released only to the extent that the refusal to accept the tender harmed him.

Additional interest that must be earned in order to entice someone to hold a risky bond over a risk-free bond.

What will be an ideal response?