Steve writes a novel and sends it to Penny Publishing. Penny offers Steve $5,000 for a six-month option on the work, and Steve accepts the money. Nine months later, Penny has still not agreed to publish, and Biggie Publishing offers Steve $50,000 for the novel. Steve wants to accept.
Can he legally do so?
a. Yes, because the offer of $50,000 is greater than Penny's offer.
b. Yes, because nine months have passed.
c. Yes, because penny paid him for the option to publish his book.
d. No, because a person may not accept two offers for the same item.
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