1. Richard Davis conceived of and developed a pilot episode of a television show documenting the house flipping process. He shopped the show to several networks, including A&E. Davis discussed turning the show into a series with A&E's director of lifestyle programming, Charles Nordlander. Davis proposed that he would assume all financial risk related to the purchase, renovation, and sale of the real estate and that Davis and A&E would evenly split the show's revenues. Nordlander replied, "Okay, okay, I get it." Once filming had begun, Davis was notified that A&E's board of directors "had approved the money for our series." However, the terms of any agreement were never reduced to writing. They filmed 13 episodes of the series Flip this House, and the show was a tremendous commercial success, earning $8 million in profits in the first season. A&E thereafter claimed that it had never entered into an agreement regarding Davis' compensation because it never made an unambiguous acceptance of Davis' offer. A&E offered to pay Davis an appearance fee and a 5% share of the show's revenues. Davis sued. WAS A BINDING CONTRACT ENTERED INTO BETWEEN DAVIS AND A&E? WHY OR WHY NOT?