Luis has an agreement with Sebastian to buy his Trek bicycle for $500. Sebastian dropped off the bike at Luis' house on Monday, February 24, 2022, and Luis told him that he would send him the money in a couple weeks. COVID hit, and Sebastian completely forgot about the money Luis owed him. He was cleaning out his garage in March 2022, and realized that he had not been in contact with Luis in over two years, and that Luis still hadn't given him any money. Has their contract been terminated, or can Luis bring an action against Sebastian? Briefly explain.