1.Larry Fates, the owner of Goggle, a software company, emails his friend Steve Works as follows: "Hope all is well.I would like to purchase your building in Palo Alto, California for $5 million.Closing would have to happen no later than December 31 for tax reasons."Steve responds "That sounds great! In fact, I would require that we close no later than October 31, one month away, and insist on cash at closing".Larry does not respond to Steve's email and approaches Bill Fates, another friend, to buy his building in Palo Alto instead. When Steve hears about the deal with Bill, he is furious, insisting that he (Steve) and Larry had a deal.Did they? Why or why not?

1.Google develops and sells software for engineering firms, among other business customers.Google places the following advertisement in an online trade publication for engineers:"Want to increase your business fast and cheap?Our software will be on sale for one day only! Purchase the ES200 Software on Monday, February 1, 2020 and you will get 50% off the regular price.This offer will benefit the engineering firm with the most focus on efficiency and success!"On Monday, February 1, the COO of Quadratics Engineering contacts Google to purchase the software, but is told over the phone that "the deal is off due to unexpectedly high demand".The COO insists that he should be entitled to the 50% discount on the ES200 software.Is he correct?Why or why not?