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'll 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$$s hand, shook it$,$ and said $$I$$ll take

it for the $$19,000.$ advertised on Kijiji and the $$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 I

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 I told you so and shook your hand before you agreed to sell it to the other guy. I 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.