On November 10, XYZ Auditors sent Acme Corporation a letter offering to audit Acme's financial statements for $75,000. In the letter, XYZ stated that Acme had until November 20 to accept the offer. On November 12, Acme sent XYZ a fax asking that XYZ perform the audit for $70,000. After sending the fax, Acme received a proposal from the firm of Dewey Cheatem and Howe in which it offered to perform the audit for $70,000. Dewey Cheatem & Howe is XYZ Auditors' biggest competitor. Upon learning of Dewey Cheatem and Howe's proposal, XYZ immediately sent Acme a fax agreeing to perform the audit for $70,000. Is there a contract between XYZ and Acme? Be sure to explain the reasons for your