Jinx is the president of Grocery Corp., a publicly held company that owns and operates a chain of 2000 retail grocery stores.She is contacted by Kyle, who offers to purchase two of the stores for what Jinx believes are fabulous prices.Kyle says that Grocery Corp. must decide within 24 hours.Jinx tries to arrange a telephone conference call with the six other individuals who, together with Jinx, compose the board of directors of Grocery Corp.She fails, but manages to contact three of the other board members by sequential phone calls.Each of these three agrees with Jinx that the deal is too good to pass up.Figuring that she has the approval of a majority of the board, Jinx goes ahead and signs a contract with Kyle.Is the contract likely to be binding on Grocery Corp.?Why or why not?