Cody Offered to Sell Certain Land to Daniel for $50,000,by

Cody offered to sell certain land to Daniel for $50,000,by a letter,which was signed by Cody.The letter specified that the deal was to be closed by Nov.1,2001,and that the entire payment was to be in cash.Daniel sent a letter saying that he accepted the offer,but his letter also stated that payment was to be made one-half at closing and one-half 30 days later.As of March 2002,Cody had not responded.Discuss in detail whether there is a valid contract between Cody and Daniel.

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The change in payment terms was material...

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