Answer this business Law question!!!!!!!!!!!!!!!!!

Fred advertises on Kijiji that he has a dining table and six chairs that he wants to sell for $1,000. Fred provides his telephone number and email address in the advertisement. Barney sees the advertisement and calls Fred and tells Fred that he wants to buy the table (but not the chairs) and offers $500 for the table. Fred says that he will think about it and takes Barney's telephone number saying that he will call Barney's telephone number by 5 pm that day if Fred decides to accept Barney's offer and that, if Barney does not receive a call from Fred by 5 pm that day, the answer is \"no\". Fred decides to sell the table for $500 but cannot locate Barney's telephone number until the next morning. Fred calls Barney the next morning and tells Barney that he will sell the table to Barney for $500. Q. a. Barney is legally bound under contract law to buy the table for $500 from Fred State: Yes / No (1 mark). b. Explain your answer, stating and applying the law to the facts (2 marks)