On April 10th, the developer sent the owner an offer to buy the property for $1,000,000.00.The owner responded that same day that he wanted $1,500,000.00 for the property. The developer received the response the next day on April 11th.

After receiving the communication from the owner on April 11th asking for $1,500,000 to sell the property, the developer considered what to do next.On April 20th, the developer advised the owner that he would buy the property for $900,000.00.On April 21st, the owner sent a letter saying that he accepts the original offer of $1,000.000.00 for the property.The developer does not respond to this last communication.

1.Was there a contract on April 11th? Why or why not?

2.Is there a contract to buy the property for $1,000,000 on April 22nd? Why or why not?

1. no there is not a contract on April 11th correct? Since the owner did not accept the offer, he/she counteroffered, then there is no valid contract.
2. Again, no there is not a contract because the owner accepted the original offer which was not an offer anymore since the developer had offered a different amount already.