On Friday, Art spent the morning looking for a used boat online on Kijiji. He discovered one thatcaught his attention. The posted ad had pictures and detailed specifications and it noted theselling price at $$$$19,000.$ Firm.$$Art emailed the boat$$s owner and made arrangements to see the boat the following day at $10$:$00$am$.$Art arrived, met the owner, and thoroughly checked out the boat. It was as described. But Artsaid that he needed to reflect on it over a coffee at Tim's and would return. He surprised theowner by giving him $$500.$ cash and saying $-$ "I'll be back. We'll make a deal". The owner was inawe and said nothing.An hour later, he called the owner and said that it was a lot of money at $$19,000.$ but that hewould take it that day for $$18,000.$ cash and Art confirmed that he had the funds with him.The owner responded by saying that there were two other interested parties who were there andviewing the boat at that instance. The owner told Art $-$ "Things are happening fast. You mightwant to get back here".Art panicked. He quickly drove back. He noticed the owner intensely engaged with a prospectivepurchaser. Art interrupted and reached out, took the owner$$s hand, shook it$,$ and said $$I$$ll takeit for the $$19,000.$ advertised on Kijiji and the $$19,000.$ you still wanted when I saw the boat andmet with you just over an hour ago and I$$ll pay you cash right now$.$The owner says to Art $$Well this other gentleman just now offered me $$18,000.$ and he$$s afine man and I feel good about doing a deal with him and that he will care for the boat as Ialways have.$$ Then turning to the other man of whom he spoke, the owner said $$O$.$K$.$ we havea deal at $$18,000..$Art is upset and now he$$s showing it$.$ Art says $$Well that$$s the number I told you over thephone. I want the boat. I$$m entitled to the boat. I agreed to take it for the full ad price of $$19,000.$and I told you so and shook your hand before you agreed to sell it to the other guy. I even gaveyou a $$500.$ deposit$.$Art, the owner, and the other guy who believes that he just bought a boat $$ are all standing therein an awkward silence trying to figure out what to do$.$Help them out. Reviewing the facts, the chronology of events, and the law on contracts $$ come toa determination as to which parties have entered into an enforceable contract and on what terms.Fully explain your reasoning in coming to your final conclusion.