Real Estate Practical (part 3)

•Wale kunle’s house is “For Sale by Owner.”. Tunde Odu falls in love with it during an open house, tells Wale he’ll pay the full asking price, and promises to send Wale an earnest money deposit check for N100k . Wale accepts the offer. The contract between them is

1.Unenforceable

2.Valid only if the were witnesses

3.Invalid because it lacks consideration

4.Enforceable by court action if tries to back out.