BenemailedJenniferenquiring if she is willing to sell her upscale home in Manhattan to him forUS$2 million. Ben is seeking to addadditionalreal estate, to diversify his investment portfolio and is aware that Jennifer sits on a prime property in Manhattan. Ben further alluded in his email toJennifer, that if she agrees, email to him the price she is willing to sell.

Within twenty minutes,JenniferemailedBen, stating"The lowest price she is willing to accept for her home isUS$3 million".

Ben respondedimmediately,statingthat he agreestopurchase Jennifer's homeforUS$3 million. He was of the opinion that even atUS$3 million, it was still a good investment deal.

The next dayBen's attorney contacted Jennifer to arrange for the transfer of the property, which left Jennifer inshock. She pointed out to Ben's attorney that she had no agreementwith Bento sell.

Advised Jennifer on this matter.