You ride to school each day with James in his new car, which he just bought for $42,000. One freezing morning, the car doesn't start. James yells in anger, "I'd sell this piece of junk to anyone for $700!" You say, "It's a deal," and put $700 in his lap. Do you and James have a contract for sale of the car?
(a) Yes, because James made an offer and you accepted it without modification.
(b) No, because James's outburst was clearly not intended to be a serious offer.
(c) Yes, because this is a sale of goods and the statute of frauds does not apply to the UCC.
(d) Yes, because mistakes about value do not negate consent.
(e) There is not enough information to reach a conclusion.