Peter Pixie and Dean Dant were drinking together at Dan's house when Dean tells Peter he is dying to purchase his house. Peter, who was feeling tipsy, scoffed at the idea and said "You couldn't afford it you imbecile." Dean, who was unaware Peter was feeling the booze so much, responded, "Well, sure I could, I'll give you $500,000 for it." Peter shook his head and said, "No, make it $700,000," and Dean replied, "$600,000 and we have a deal." Peter said "Ok, $600,000 it is." Peter and Dean then wrote up a contract on a napkin that stated that Peter would sell his house to Dean for $600,000, payment was to be made by check on the following Wednesday, and the two even called Dean's wife into the room whereupon Peter, Dean and Dean's wife all signed the napkin contract. The following Wednesday, Dean went back to Peter with a cashier's check to tender payment. Peter yells, "You fool! I was only joking. I never intended to sell you my property. I was higher than a 747!" Assuming $600,000 was the fair market value for the home, in a suit between Peter and Dean, what is the likely result?
(A) The two were in a contract if a reasonable person in Peter's position would believe they had entered into a contract.
(B) The two were in a contract if Peter subjectively believed they were entering into a contract.
(C) The two were not in a contract if Dean subjectively believed they were not entering into a contract.
(D) The two were not in an enforceable contract because the napkin agreement does not satisfy the Statute of Frauds.