Buster Cogdill, a real estate developer, made an offer to the Bank of Benton to have the bank provide construction financing for the development of an outlet mall, with funds to be provided at prime rate plus two percentage points. The bank%u2019s president Julio Plunkett thanked Buster for the proposal and said, %u201CI will start the paperwork.%u201D Did Cogdill have a contract with the Bank of Benton?