Part A

Dave recently won the "Master Chef" title in a cooking competition. With the prize money and the recently proclaimed fame, he decided to start and operate his own restaurant. Dave's venture into the business began with a search for suitable premises. After a few weeks of searching, he found a shop premise located at K$11.$ Dave liked the location very much. He began negotiating with the owner of the premises, Tina, through emails. After the exchange of ten emails, both parties agreed to all the terms of the draft tenancy agreement. In the final email, Tina wrote to Dave that all the terms of the tenancy agreement were alright "subject to contract". She agreed to commence the agreement one week later.

After one week, Tina emailed Dave telling him that she had decided to sign the tenancy agreement with another tenant who was willing to pay higher rent than Dave.

Whether there is a binding tenancy agreement between Dave and Tina? $(15$ marks$)$