Ensure that you refer to case law and that you discuss questions

using the Facts Issue Law Analysis approach.

Pete is interested in entering into an agreement for the sale of property located at Tanteen, St. york. The property is advertised on a website owned by Fletcher who states online that the property is priced for a quick sale since it is a foreclosed property. Pete emails Fletcher to find out the cost of the property. Fletcher replies, "Cost of the property, $30,000.00 GBP." Pete goes online later that same week and notices that the property is now marked as SOLD. He immediately writes to Fletcher indicating that he had an agreement for sale with him and that he would like to purchase the property as agreed. Fletcher replied by indicating that he never agreed to sell the property to Pete and that Pete would have to find another property for purchase.

Pete insists that the property is the one he wants, and he sues Fletcher for specific performance of the contract.

Advise Pete on the principles of contract arising in this case. Ensure that you explore the fundamental elements necessary to establish that a contract has been formed.