Jack recently lost a lot of money on the stock market. He decided to sell his most prized possession, the "Titanic violin" played by Wallace Hartley during the final moments before the sinking of the Titanic. Jack advertised in the local newspaper. For sale The "Titanic violin" The rarest and most iconic piece of Titanic memorabilia can be yours $1,500,000 or best offer Contact Jack on 9012 3456 Danny, a musician, saw the advertisement. Danny and Jack studied music together and are still very close friends. On 9th January, Danny rang Jack and the following conversation took place: Danny: "Jack! I can't believe you are selling the Titanic violin! You know how much I wanted the violin. $1.5 million dollars? Really? What's your best price?" Jack: "I can't believe I am selling it either. I really cannot let it go for anything below $1.4 million. I need the money." Danny: "How about $1.2 million?" Jack: "I really need the money, Danny. Otherwise I won't be selling it. Best price is $1.3 million." Danny: "I need time to think about this." The next day, on 10th January, Jack, desperate for money, sent a text message to Danny: "Hey Danny. I am willing to sell you the Titanic violin for $1.25 million. If I don't hear back from you by 5pm on the 12th January, I will consider the violin sold." Danny did not read the text message. On the 13th January, Jack recovered all of his losses on the stock market and he no longer wished to sell the violin. On the 14th January, Danny rang Jack. Danny: "I will buy the violin for $1.3 million as you asked." Jack: "Sorry Danny, I no longer wish to sell the violin." Danny: "You can't do that. We have a contract!" Advise Danny whether there is a contract for the sale of the violin on the 12th January for $1.25 million, or on the 14th January for $1.3 million. In your answer, you must consider and apply any relevant decisions from any relevant cases you have studied.