Twenty years after you take this class you are successful and wealthy. Knowing that this class was the key to your success, you look up your old professor and send a letter saying, "Because you helped me so much, I am going to send you a check for $100,000." Later you come to your senses and do not send the check. Your old professor sues you for the money:

a. you have to pay; there is a valid contract
b. you do not have to pay; the professor did not send a timely letter of acceptance c. you do not have to pay; there is a lack of consideration
d. you do not have to pay; promissory estoppel applies e. you do not have to pay; you were legally insane


c

Business

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