Jane Linden is negotiating with James Paul to buy his 1987 Toyota MR5. The following excerpts from letters have occurred so far: Jane: "I would be interested in purchasing your MR5." James: "I am thinking of selling my MR5." Jane: "I am considering selling my diamond tennis bracelet to buy your MR5." Which of the following statements is true? a. James and Jane have a contract to sell the MR5. b. James and Jane do not have a contract to sell the MR5.
