John Freeden Is Negotiating with Bill Murray to Buy Bill's

Multiple Choice

John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following conversation has taken place: John: "I will buy your mountain bike for $325.00."
Bill: "I couldn't sell it for less than $375.00."
John: "I'll take it for $375.00."
Which of the following statements is true?

A) Bill and John have a contract for the sale of the bike at $375.00.
B) Bill and John have a contract for the sale of the bike at $325.00.
C) Bill and John do not have a contract.
D) None of the above