The following conversation took place between Consuela, a paralegal, and Rita, the owner of Citywide Realty. Consuela’s employer has asked her to interview Rita about whether an enforceable contract was formed between Citywide and an office leasing company. Consuela: Good morning, Rita. I understand we need to talk about the leasing company matter. Rita: Good morning, Consuela. That’s right. I first started by calling Cal, the leasing agent for the office space on Main Street. I asked him if the space was still available and rental rate on a per-square-foot basis. I had done a walkthrough of the office with Cal about five months earlier, but decided I wasn’t ready to move out of my home office, so I didn’t lease at that time. Consuela: What did he say? Rita: Cal said it was available and that the asking price was $5.50 per square foot. He said he could offer it at that price for a total of 1,000 square feet. I then asked him if that included utilities and maintenance, and he said yes. Consuela: What happened then? Rita: Well that price was about $1.00 higher than when I did the walkthrough. I told him I didn’t like the asking price. He told me that vacancy rates had gone down, so the market price had gone up and that he couldn’t go any lower. I told him I’d think about it, but I had doubts about leasing at that price. That was the end of the call. A week later, Cal claimed we had entered a lease for the space. Which of the following best identifies the key facts as described by Rita?
