Smith Met Jones at a Street Corner and Made a Verbal

Smith met Jones at a street corner and made a verbal offer to buy his canoe for $200.Jones replied that he would "think about it." Smith nodded affirmatively.The two then went about their separate business.Later in the day,Smith met Brown,who also had a canoe for sale,and Smith offered to purchase Brown's canoe for $175.Brown agreed to sell Smith his canoe.At 4 p.m.the same afternoon,after Smith and Brown had made their arrangement,Jones telephoned Smith to say he would accept Smith's offer to buy his canoe.
-Smith's offer to buy the canoe from Jones was a genuine expression of his intention to create a legal relationship.