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No, there is no binding contract because the withdrawal of the offer was made and communicated to the seller before the buyer was notified of the acceptance.
Contract, within the simplest definition, is a promise enforceable by law. The promise can be to do something or to refrain from doing something. The making of an agreement requires the mutual assent of or more persons, one of them normally making an offer and some other accepting.
Offer and acceptance are commonly recognized as vital requirements for the formation of an agreement, and evaluation in their operation is a traditional approach in agreement regulation. The offer and recognition method, advanced in the 19th century, identifies a second formation while the parties are of one mind.
Any change to an offer creates a new offer, referred to as a "counteroffer." Like a proposal, a counteroffer can be withdrawn by the seller at any time before it is signed via the purchaser and the signed attractiveness is brought back to the seller or his agent.
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