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Choi went to Home Depot's blowout sale to see if they had any specials on refrigerators. While looking he found the perfect refrigerator, but realized it costed $50 dollars more than what he had brought. As a result, Mr. Choi asked the store clerk whether he can reserve the refrigerator for a few hours while he went to the bank to get more money. Mr. Choi wanted the refrigerator so badly that he offered the clerk $25 dollars to keep the refrigerator available for 24hours. The clerk refused the money but instead put Mr. Choi's name on a paper and put it on the refrigerator with the words, "reserve for 24 hours". Four hours later, Mr. Choi returned for the refrigerator, but the store clerk told Mr. Choi that it had been sold alrady. Was the company obligated to keep the refrigerator for Mr. Choi?

-Yes, Mr. Choi was given a firm offer and the company must now comply with that offer.

-Yes, Mr. Choi had an option contract and the store was required to honor it.

-No, Mr. Choi never paid consideration and because of that the store had the right to sell the item to who they wish.

-No, the store had no obligation to keep the refrigerator for Mr. Choi because there was no legally binding contract.

-No, Home Depot has the formation defense of Mistake.

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