Elizabeth owns a cotton company in Zimbabwe in 1997.She sends a message via telex on 20th February to Beauty Ltd. company in USA offering to sell 500 kilos of raw cotton for 20,000 US Dollars.Beauty Ltd. is a regular customer of Elizabeth she sells cotton to this company every year.However, she had more stock this year so she is trying to sell the product for a reduced price. At the end of the message she adds 'If I hear nothing from you until the end of month, I will ship the cotton to your company'.Beauty Ltd. sends a post to Elizabeth on 22nd of February, states that ' Thank you for your kind offer, however we have enough stock for this year, we are not interested in purchasing more cotton for this year.' The post gets lost on the way to Zimbabwe and never arrives to Elizabeth.Elizabeth ships the cotton to USA.

Please consider the facts above,'Beauty ltd have a contract with Elizabeth'.

Select one:

a. True

b. False