Julius asks rachel if she would like to sell her boat. rachel privately has no interest in selling her boat, and believes that julius can't afford her boat anyway. rachel says, "i'd sell my boat to you for $20,000." to rachel's surprise, julius responds "ok, it's a deal." rachel does not want to sell the boat to julius for any price. julius and rachel have a) not formed a valid contract because of lack of definiteness in the contract terms. b) not formed a valid contract because rachel did not want to sell the boat for any price. c) formed a valid contract because rachel's outward expressions showed the formation of a contract. d) formed a valid contract because julius expressed outward interest in the boat

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.