Answer the problem provided below. Your answer must be in this IRAC format:

Issue - State in one sentence the primary issue in this problem.

Rule - Look in your textbook for a rule that can be applied to the situation.

Application - Apply the rule to your essay question - you are specifically identifying in facts in the question so you can apply a conclusion to these facts.

Conclusion - Conclusion based on how your situation applied to the rule.

Bill offers to sell his vacation house in the city of Beachtown to Jane for $300,000. Jane is not impressed by this offer and doesn't even bother to respond. Bill, in turn, never bothers to revoke his offer. Over the next six months, the Beachtown real estate market heats up, and Beachtown homes significantly increase in value. Now, Bill's $300,000 offer seems like a good deal to Jane. Accordingly, Jane approaches Bill and informs him that she has accepted his offer for her to purchase his house for $300,000. Have Bill and Jane entered into a legally enforceable contract?