Bill and Ted are out drinking and strike up a conversation concerning the sale of Ted$$s Lakehouse property. Bill says he would write a check that evening if Ted agreed to sell him the Lakeside property for $$250,000.$ Ted agrees and they write up an agreement for sale of the Lakeside property including specific elements of the agreement such as the property address, sales price, signatures, and dates. Bill hands Ted a signed check for $$250,000.$ After several hours at the bar Ted drives himself home, and Bill hires a taxi. The following morning Ted finds Bill$$s check for $$250,000$ and recalls the conversation concerning the sale of his lakeside property and decides he no longer wants to sell it$.$