In 2004, real estate broker Richard Davis called an A&E television executive about partnering on a new reality show called Flip This House. Davis said he would undertake the financial risks of purchasing and later reselling the real estate and he and the network would split the net profits. Davis received confirmation from the network director over the phone and later with three other executives. The network never paid Davis and claimed no agree- ment was made. The district court found on behalf of Davis, and the network appealed. The appellate court stipulated that two facts must be true to find on behalf of Davis: first, that Davis reasonably believed that an agreement was made during the phone conversations and, second, that such a belief would be made by an objectively reasonable person. How do you think the court decided? [Davis v. A&E Television, 422 Fed. Appx. 199, 2011 U.S. App. LEXIS 7382.]