Tanner sent an email to Belinda offering to sell his car to her for [tex]$5,000. Belinda texted Tanner back offering to pay $[/tex]4,000 for the car. A valid contract did not exist because

A. Belinda should have accepted Tanner's offer orally.
B. Consideration was not present in the negotiations.
C. The contract was not for a lawful purpose.
D. Belinda did not accept Tanner's offer; she is still negotiating.

Consideration refers to something of value exchanged by the parties to a contract. In the case of Tanner and Belinda, Belinda offering to pay [tex]$4,000 for the car was her counteroffer, showing consideration. Without mutual consideration, a contract cannot be formed.

Offer and Acceptance are vital components of forming a contract. Belinda's response of offering to pay $[/tex]4,000 was a counteroffer, not an acceptance of Tanner's original offer. For a valid contract to exist, there must be a clear offer followed by an unqualified acceptance.

Lawful Purpose is essential for the validity of a contract. If a contract involves illegal activities or purposes contrary to the law, it is not enforceable. In this scenario, selling a car is a lawful purpose unless specific conditions make it otherwise.

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