Mike offers to sell his car to Ricardo for $450.Ricardo accepts Mike's offer.Three days after accepting the offer, Ricardo calls Mike and says that he no longer has the money and cannot buy the car.Mike then enters into a valid contract to sell the car to Jim for $15,000.Once Ricardo hears about the contract, he calls Mike and says that he changed his mind and will buy the car of $450.Mike refuses to sell him the car.Is there a valid contract between Mike and Ricardo?

Group of answer choices

No. Ricardo's counter-offer was never accepted.

Yes. Mike agreed to sell his car and Ricardo accepted

No. The contract was discharged by Ricardo's breach

Yes. Ricardo's attempt to renegotiate does not affect the original contract