Question 1

Billy is a tenant of an apartment owned by David. Ten days ago, Billy received a letter from David which stated that he (David) was interested in selling his apartment for $300,000, and asked Billy to let him know by post if he (Billy) was interested. Three days later, Billy posted a letter to David in which he agreed to buy the apartment for $300,000. After receiving Billys letter, David telephoned Billy and told him that he had changed his mind and that he did not want sell the apartment.

Required:

Advise Billy as to whether he has a contract with David for the sale of the apartment. (Total 350 words)