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On September 27, Summers sent Fox a letter offering to sell Fox a vacation home for $150,000. On October 2, Fox replied by mail agreeing to buy the home for $145,000. Summers did not reply to Fox. Fox sued Summers for nonperformance of the contract. Do Fox and Summers have a legally binding contract?a) No, because Fox failed to sign Summers's letter before returning it.b) No, because Fox's letter was a counteroffer and terminated the offer.c) Yes, because Summers's offer was validly accepted and a legal contract was formed.d) Yes, because Summers's silence is an implied approval of Fox's acceptance letter.
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