Question 2 Agreement Sera offered to sell a piece of land to Pinto for $150 000. That offer was rejected by Pinto. Sera then offered to sell the land to Pinto for $130,000. Pinto responded by offering to buy the land for $120,000. Sera refused to sell at that price whereupon Pinto said he would pay $130,000 for the land. Sera refused to sell to Pinto at $130 000 and has decided to put the piece of land for sale in the open market. Pinto has now taken legal action against Sera for breach of contract. Pinto states that Sera had made an offer to sell the land for $130 000 and he has accepted that offer. Is there a contract between Sera and Pinto? (Use the IRAC method to answer the question above).

Question 2 Agreement Sera offered to sell a piece of land to Pinto for $150 000. That offer was rejected by Pinto. Sera then offered to sell the land to Pinto for $130,000. Pinto responded by offering to buy the land for $120,000. Sera refused to sell at that price whereupon Pinto said he would pay $130,000 for the land. Sera refused to sell to Pinto at $130 000 and has decided to put the piece of land for sale in the open market. Pinto has now taken legal action against Sera for breach of contract. Pinto states that Sera had made an offer to sell the land for $130 000 and he has accepted that offer. Is there a contract between Sera and Pinto? (Use the IRAC method to answer the question above).