7. Blake, a collector of antique yachts, advertised that he was interested in purchasing a yacht named Elizabeth which was once owned by his great- grandfather. Sneed saw the advertisement and responded by mailing Blake an offer to sell Elizabeth to Blake for $100,000. Blake promptly accepted. Unknown to either of the parties, Blake's grandfather had once owned two yachts named Elizabeth. One had been built for only $5,000 and the other had been built at a cost of $500,000. Sneed had the former in mind and Blake the latter. When Sneed tendered the smaller yacht to Blake in accordance with the terms of their communications, Blake refused to accept or pay for it. Sneed sued Blake for breach of contract. Decide and explain