Accessory Overhaul Group, Inc. $($AOG$)$ Mesa Airlines, Inc. serviced and maintained Mesa$$s wheels, tires, and brakes. In negotiating for a contract renewal in $2011,$ AOG$$s president, Ron Byrd$,$ worked with Scott Johnson, Mesa$$s senior director for maintenance and engineering technical administration, to draft the contract. Byrd and Johnson exchanged several drafts of an agreement. On November $21,2011,$ Johnson sent Byrd an e$-$mail, stating that he had updated the pricing per AOG$$s request and that he had included with his e$-$mail $$a soft$-$copy version as well as the PDF$.$ Johnson then stated, $$If you$$re good, please sign and return. Then, I$$ll route through our contract signature process here at Mesa.$$ Byrd signed and returned the document that day. On January $3,2012,$ Johnson informed Byrd that the document had $$hit a snag$$ in the finance department. Mesa$$s senior vice president of finance had $$rejected$$ a term dealing with late fees, and Byrd agreed to remove that term. In March $2012,$ Johnson presented the November $21$ document to Mesa$$s president, Michael Lotz, for his review. Lotz refused to sign the contract. On May $9,2012,$ AOG met with Mesa to discuss a rate increase. AOG unequivocally told Mesa during the meeting that if the rate did not increase, it would cease work with Mesa right away or $$pretty quickly.$$ Mesa responded by putting out a new call for bids. AOG maintains that it had a contract because of the exchanges of correspondence and the documentation they provided. Decide whether contract was formed and explain why or why not.