Major Retailer and Owner negotiated a lease of a strip mall, the tenancy to begin August 1. Retailers lawyer then drafted a lease, accurately reflecting all terms agreed to, including the parties, exact premises, condition of the store, dates of the lease, and monthly rent of $18,000. Retailer signed the lease and delivered it to Owner on July 1. On July 20, Owner leased the same space to a different tenant for $23,000 per month. Retailer sued, claiming that the parties had a binding deal, and that Owner had breached his agreement in order to obtain higher rent. Who will win? Discuss.

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