The following excerpts from letter negotiations on land occurred between Magnus Matthews and Elaine Brown.
January 4, 2013
Dear Magnus,
I am interested in buying that lot you showed me last Saturday. You talked about $40,000 as a price. That sounds good to me. Let's meet Wednesday at Frisco Kid's to iron out details.
Elaine
January 4, 2013 (via fax)
Elaine,
$40,000 is the price. Cash only. I'll see you Wednesday at 5:30.
Magnus
On January 5, 2013, a developer came to Magnus with $40,000 cash and asked to buy the lot. Magnus signed a contract and accepted a $4,000 earnest money deposit. On January 6, 2013, Magnus met Elaine at Frisco Kid's and said when he first spotted her, "Sorry, kid. I sold the lot yesterday. Cash straight up. Let's talk about any of my other lots." Did Magnus and Elaine have a contract?

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The Answer of The following excerpts from letter negotiations on land occurred between Magnus Matthews and Elaine Brown.
January 4, 2013
Dear Magnus,
I am interested in buying that lot you showed me last Saturday. You talked about $40,000 as a price. That sounds good to me. Let's meet Wednesday at Frisco Kid's to iron out details.
Elaine
January 4, 2013 (via fax)
Elaine,
$40,000 is the price. Cash only. I'll see you Wednesday at 5:30.
Magnus
On January 5, 2013, a developer came to Magnus with $40,000 cash and asked to buy the lot. Magnus signed a contract and accepted a $4,000 earnest money deposit. On January 6, 2013, Magnus met Elaine at Frisco Kid's and said when he first spotted her, "Sorry, kid. I sold the lot yesterday. Cash straight up. Let's talk about any of my other lots." Did Magnus and Elaine have a contract?

The Following Excerpts from Letter Negotiations on Land Occurred Between