On May 1, 2005, Eckerly Realty Inc. mailed a written offer to Masse for the sale of an office
building. The offer included an express term that it would expire on June 30, 2005 if the
acceptance was not delivered into the hands of the offeror by the expiration date. On June 30,
2005 at 8:00 a.m., Masse sent a written acceptance to Eckerly via Masse’s personal messenger.
However, the messenger was not able to deliver the acceptance until July 1, 2005. On July 2,
2005, Eckerly contacted Masse, informing him that the acceptance had been delivered one day
late. As a result, Eckerly refused to honor the acceptance. Which of the following is the most
correct statement?