Jeremy, and George set up a company, Choice, in January 2020. At the beginning of lockdown in 2020 they adapted their enterprise, a food and lifestyle emporium, for online deliveries.Jeremy assured George that he was capable of dealing with all the contracts while George, an accountant concentrated on the accounts and the online website. On Monday of the first week, Jeremy offered to sell all prepared meals at a reduced rate, to a local upmarket supermarket. He advised the supermarket that if he did not hear from them by close of business on Friday he would presume they had accepted his offer.As he did not receive a reply, he arranged to have all the meals delivered on Saturday morning.The supermarket refused to accept the delivery.Jeremy is adamant that the parties have a legally binding contract. He has told the supermarket that he intends to instruct his solicitor to take legal action and to insist that the case is dealt with through arbitration.

This is the case where we need to identify the law, explain it, and apply it to the problem.

I am aware this case relates to contracts and arbitration but unsure how to answer it.

Does Jeremy have a legally binding contract?

is their acceptance?

I know there is a time limit that lapses a contract also, I am not sure if this relates.

I also don't know if he has a case through arbitration?