Jill Has Been Negotiating the Purchase of a Speedboat with Sandi

True/False

Jill has been negotiating the purchase of a speedboat with Sandi during the past two weeks. Two days ago, she wrote to Sandi, saying "I won't go any higher than $8,000. Take it or leave it, but that's my final offer." By coincidence, Sandi sent a letter the same day which said "I won't take less than $8,000, so if you can't accept that, I'll have to look elsewhere for a buyer." The letters have both arrived today at their destinations. There is a contract between Jill and Sandi.