Problem
Donald Trumpet submitted a letter offering to buy Mickeyland and its 25,000-acre park from the Mickey Corporation. The purchase price was $800 million with a payment of $200 million at the time of sale and the balance to be paid in equal payments over ten years at a precise interest rate. The seller, Mickey Corporation, was to provide a deed and the closing (sale) was to occur in ninety days. Attorneys for Mickeyland signed the offer letter as indicated but inserted several items: the closing was to occur in the Mickeyland attorneys' law office in New York; the deed was to be signed by Donald Trumpet; and a $5 million deposit payment was to be forwarded by Trumpet and held in escrow until the sale. A lawsuit between the parties developed when Donald Trumpet refused to purchase the park at the time of the proposed sale. Mickeyland Corporation filed suit to enforce the contract. The trial court concluded that there was a binding contract between the parties since the changes made by Mickey Corporation were minor-the purchase price, closing date and financing terms were substantially the same.
Was the trial court correct in its ruling? Explain in detail.