11. At precisely 11:00 am, the Driftwood, a bar in the lower Greenville area, opens its doors. At 11:03 am, Donald Taylor lDT), a well-known real estate developer, enters the Driftwood and orders a beer from the bartender. Donald is a likable chap who enjoys good conversation and good drink. As the day passes, Donald leisurely drinks beer after beer, never getting wasted but maintaining a \"good buzz." At 4:55 p.m.,J.R. Reynolds enters the Driftwood and sits down next to Taylor. They have the following conversation: LR. What a day! {sigh} Hey, could you pass the pretzels? Yo, bartender, let's have a beer down here! D.T. Had a rough day, have you? LR. Nag, nag, nag. That's all my wife does is nag. All day she's been on my back about moving out of our apartment. She knows I've been busting my but trying to nd an affordable house but, as you may know, good real estate isn't easy to nd. Ijust can't take her pressure anymore. D.T. [In his stupor, he decides to have some fun with this pathetic soul.] Sir, this may be your lucky day. You see, I'm a real estate agent, and I can offer to sell you this beautiful two-bedroom, two-bath house for the low, low price of $25,000. [D.T. takes a picture out of his breast pocket and shows].R. a luxurious home. In reality, this is Donald's own home and it has a fair market value of $900,000.] It is located on 123 Estates Avenue. LR. [With genuine excitement in his voice.] Oh my goodness, what a deal. I must have it! What must I do? D.T. Well. A lawyer friend of mine once told me that all transactions in land must be in writing, so we draw up a contract. D.T. Grabs a napkin and writes the following: calm I, Donald Taylor, hereby agree to sell the house located at 123 Greemdlle to JR Reynolds upon payment of $2 5,000.00. This agreement is meant to be a nal and binding contract between the two parties. Sincerely. LR. ecstatically takes the napkin contract and rushes out the door, saying he must go home and break the good news to his wife. As soon as he leaves, Donald bursts into laughter and shares his story with his barroom buddies. Was there an offer? Did Donald sell his house