13. Penelope wanted to buy a property in Fredericton, New Brunswick from Vincent. On November 30, Penelope offered Vincent $300,000 for the property. Vincent refused and offered to sell the property for $400,000. Vincent promised to keep the offer open until December 15. On December 10, Margo offered Vincent $425,000 for the property. Vincent accepted Margo's offer subject to withdrawing the offer he had made to Penelope. On December 11, Vincent attempted to contact Penelope by telephone to withdraw his offer but was unable to reach her so he posted a letter withdrawing the offer. This letter arrived at Penelope's residence on December 14. On December 12, Penelope, who was attending a Christmas function at a local hotel heard from the town gossip that Vincent had sold the property to Margo. She could hardly believe this. The next morning, Penelope instructed her lawyer to accept Vincent's offer. a. Is there a contract between Margo and Vincent? Explain. (2 marks) b. In there a contract between Penelope and Vincent? (4 marks) c. Assume there is a contract between Penelope and Vincent. What remedy is Penelope entitled to? (2 marks)