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Cheryl Parker loaned her daughter, Kaylee, $2,000 to for a down payment on a car. Cheryl used Venmo to send the cash to Kaylee. Later

Cheryl Parker loaned her daughter, Kaylee, $2,000 to for a down payment on a car. Cheryl used Venmo to send the cash to Kaylee. Later that same day Kaylee called from the dealership, stating that she had not accounted for extra fees and need to borrow $500 more. Reluctantly, Cheryl made the Venmo transaction. After several weeks, Kaylee had not made any attempt to start repaying her mother. Cheryl gave her daughter an ultimatum: that she repay the money within the next month, or Cheryl would file a lawsuit over the loan. Did a contract exist? Explain your rationale

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