Smith offered to sell Jones his recently purchased Toyota Corolla for $24,000.Jones sent Smith an e-mail accepting the offer, but asked if he could pay Smith in 12 monthly installments of $2000 each.Smith did notacknowldegeJones'se-mail and instead sold his Corolla to White.for $23,000.Jones then purchased another Corolla for $27,000 and sued Smith for the $3,000 difference.

a.Did Smith and Jones have a valid contract?If not, why not?

b.What, if anything, was Jone's e-mail (one word answer)?How did that affect the contract?

c.Did Smith have the right to sell the Corolla to White?

d.Will Jones receive the $3,000 he is suing for?