Paul is a new member of staff at his conveyancing firm. He meets a new client Mr Partagas. Mr Partagas states that he is willing to pay 7 million for some properties. Paul is astonished at this successful negotiation and Mr Partagas gives Paul a detailed document concerning all of the properties. Paul tells Mr Partagas that he is delighted that he has bought the properties. Mr Partagas is provided with a client engagement letter and details of the firm s client bank account details so that Mr Partagas can transfer the money for the purchase. One week later, Mr Partagas has not yet heard anything from Paul, so he telephones and demands to know what is happening with his properties. Mr Partagas is advised that the properties have been sold to another client and that his funds have been returned to his bank account. With reference to the above scenario advise Mr Partagas as to whether he has a binding agreement with Paul and whether the property is his