Caroline entered into negotiations with Eleanor regarding the possible contract of purchase and sale. Caroline presented her the offer to pay $435,000 on the contract, But Eleanor rejected it. Seven days later, in light of new information, Caroline made another offer to pay $399,000 on the contract. Eleanor countered with $420,000. When caroline did not respond, Eleanor send her a letter stating she accepts $399,000 and asking for a payment on the contract.

STATE WHETHER THEE TWO PARTIES LEGALLY HAVE A DEAL ( EXPLAIN) and cite a landmark case on acceptance and counter-off.