Professor Lee Gully is looking for a research assistant. He…
Professor Lee Gully is looking for a research assistant. He sends the following email to his Business Law students: “I am looking for a research assistant this summer to help with my upcoming book and can pay $12 per hour. If you are interested in the position, please send me your resume by the end of the day tomorrow. I will select the lucky candidate by 5pm this Friday.” Professor Gully’s best student, Stu Deus, sends his resume with the following note: “I would love to be your research assistant but can only take the job if you pay me $15 per hour, as I need to cover my rent this summer. Please let me know your thoughts – thanks.” Professor Gully doesn’t want to lose the opportunity to work with Stu, so he responds: “I cannot pay you $15 per hour, but can pay you $13.” Stu accepts a different job on Thursday without responding to Professor Gully. On Friday, Professor Gully emails Stu and says “Okay, you’ve got it. I’ll pay you $15 per hour. Looking forward to working together!” Stu immediately writes back and says he cannot accept the offer because he has taken another job. Which of the following is accurate?