Ben emailed Jennifer enquiring if she is willing to sell her upscale home in Manhattan to him for US$2 million. Ben is seeking to add additional real estate, to diversify his investment portfolio and is aware that Jennifer sits on a prime property in Manhattan. Ben further alluded in his email to Jennifer, that if she agrees, email to him the price she is willing to sell.

Within twenty minutes, Jennifer emailed Ben, stating The lowest price she is willing to accept for her home is US$3 million.

Ben responded immediately, stating that he agrees to purchase Jennifers home for US$3 million. He was of the opinion that even at US$3 million, it was still a good investment deal.

The next day Bens attorney contacted Jennifer to arrange for the transfer of the property, which left Jennifer in shock. She pointed out to Bens attorney that she had no agreement with Ben to sell.

Advised Jennifer on this matter. (6 marks)