Smith offered to sell Jones his recently purchased 50-inch tv set for $6,400. Jones sent Smith an e-mail message accepting the offer but asked if she could pay Smith in four equal monthly installments of $1,600. Smith did not acknowledge Jones' email and instead sold the tv set to Drew for $6,200. Jones then purchased a new set for $7,400 and sued Smith for $1,000 the difference of the price. Did Jones and Smith have a valid contract? Will Jones be able to recover the $1,000 from Smith? Be certain to discuss the legal principles that are most important. Do not forget to cite your work. You must have 1-2 pages, 12 font, double spaced.