Question

Harry accepts franks offer to sell a used car for $2,000. at what point is there a binding contract

Answer 1

It is said that an agreement becomes legally binding as soon as there is the meeting of minds. In this case, the contract existed when Harry accepted the offer of Frank. The acceptance signified that an offer was offered, they have set the terms and they agreed to these terms. If either of the two party breaks or the contract is breached, they can use the law to settle their disputes.