quickly please, business law case study:

On the 18th of July, Rana, a local furniture dealer, received a letter from Karim which stated the following:

I have decided to retire to Italy and need to sell much of my furniture that you admired on your last visit. I know that you particularly liked the Queen Anne table and I want to offer it to you for $8,800, which I'm sure you will agree, is a very reasonable price. Let me know as soon as possible if you wish to go ahead with the purchase as there will no doubt be others interested in acquiring this beautiful table.

Rana immediately sent the following text message to Karim: I certainly wish to accept your offer but would find it difficult to find the $8,800 in one payment. Would you be prepared to accept payment in four monthly instalments? Having heard nothing further for five days, on the 20th February, Rana posted a letter to Karim purporting to accept the offer to sell the table at the initial price of $8,800.

After posting the letter, Rana purchased a copy of the local newspaper and was interested in an advertisement placed by Manuel detailing an antique table for sale at $6,000. After inspecting the table, she decided it was worth far more than $6,000 and that this would be a better purchase than the table offered by Karim. She immediately called his mobile phone to tell him to ignore the letter that would arrive the next day because he had changed his mind about purchasing Karim's table, but he never answered.

When Karim arrived home, he opened Rana's letter.

Karim is insisting that Rana made a binding contract to purchase the table.

Does a binding contract exist between Karim and Rana? Explain

Question 27 Not yet answered Marked out of 25.00 Flag question On the 18th of July, Rana, a local furniture dealer, received a letter from Karim which stated the following: 'I have decided to retire to Italy and need to sell much of my furniture that you admired on your last visit. I know that you particularly liked the Queen Anne table and I want to offer it to you for $8,800, which I'm sure you will agree, is a very reasonable price. Let me know as soon as possible if you wish to go ahead with the purchase as there will no doubt be others interested in acquiring this beautiful table.' Rana immediately sent the following text message to Karim: 'I certainly wish to accept your offer but would find it difficult to find the $8,800 in one payment. Would you be prepared to accept payment in four monthly instalments?' Having heard nothing further for five days, on the 20th February, Rana posted a letter to Karim purporting to accept the offer to sell the table at the initial price of $8,800. After posting the letter, Rana purchased a copy of the local newspaper and was interested in an advertisement placed by