On Friday, Art spent the morning looking for a used boat online on Kijiji. He discovered one that caught his attention. The posted ad had pictures and detailed specifications and it noted the selling 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 Art said that he needed to reflect on it over a coffee at Tim's and would return. He surprised the owner by giving him $500. cash and saying - "I'l be back. We'll make a deal". The owner was in awe and said nothing

An hour later, he called the owner and said that it was a lot of money at $19,000. but that he would 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 and viewing the boat at that instance. The owner told Art - "Things are happening fast. You might want to get back here"

Art panicked. He quickly drove back. He noticed the owner intensely engaged with a prospective purchaser. Art interrupted and reached out, took the owner's hand, shook it, and said - take it for the $19,000. advertised on Kijji and the $19,000. you still wanted when I saw the boat and met 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 a fine man and I feel good about doing a deal with him and that he will care for the boat as always have." Then turning to the other man of whom he spoke, the owner said - "O.K. we have a deal at $18,000.".

Art is upset and now he's showing it. Art says "Well that's the number i told you over the phone. I want the boat. I'm entitled to the boat. I agreed to take it for the full ad price of $19,000, and told you so and shook your hand before you agreed to sell it to the ot even gave you a $500, deposit".

Art, the owner, and the other guy who believes that he just bought a boat - are all standing there in 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 to a 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