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Daniel offers to sell his bicycle to Edmond for $1000. Edmond tells Daniel that he really wants the bicycle, but unfortunately, he can't afford it.
Daniel offers to sell his bicycle to Edmond for $1000. Edmond tells Daniel that he really wants the bicycle, but unfortunately, he can't afford it. Later that afternoon, Edmond buys a lottery ticket and wins $1000. He goes to Daniel's house and tells him he accepts his offer. Are Daniel and Edmond in a binding contract? (Why or why not?)
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