Smith's farm (land and buildings) was appraised/valued last week at $200,000. Jones is very familiar with Smith's farm and wants to buy it. While Smith is speaking with Jones, Smith says: "I offer to sell my farm to you tomorrow for $210,000 to be paid by a cashier's check tomorrow at my home at 5 pm, and at that time I will provide, and we will sign, all necessary documents for the sale." Jones says, "I accept your offer." Tomorrow, Jones shows up at the agreed-upon place and time, but Smith refuses to sell the farm and neither party signs any documents despite their conversation the previous day. Jones sues Smith in court for breach of contract.

QUESTION: What will the court do and why (do they have a contract, will the court enforce this agreement)? Explain in detail & be sure to explain any relevant legal principles.