Study each of the following cases carefully. Briefly state the principle of law and your decision. Counteroffer Browne offered to sell Houlihan his recently purchased 50-inch plasma screen television set for

Study each of the following cases carefully. Briefly state the principle of law and your decision.
Counteroffer Browne offered to sell Houlihan his recently purchased 50-inch plasma screen television set for $6,400. Houlihan sent Browne an e-mail message accepting the offer but asked if she could pay Browne in four equal monthly installments of $1,600. Browne did not acknowledge Houlihan’s e-mail and instead sold the television set to Drew for $6,200. Houlihan then purchased a new set for $7,400 and sued Browne for $1,000, the difference in price. Did Houlihan and Browne have a valid contract, and will Houlihan be able to recover $1,000 from Browne?
Principle of Law:
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Decision:
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