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Question Nick's father Bob placed an advertisement on the Notice Board of a local supermarket. It reads: For sale Antique 1840 rare Gondola back armchair
Question Nick's father Bob placed an advertisement on the Notice Board of a local supermarket. It reads: For sale Antique 1840 rare Gondola back armchair -- urgent sale for $2,850.00 Please call Bob on 0430123456 for more details Nick was really excited when he saw the advertisement as he is about to open his own antique furniture shop and he is in the process of sourcing antique furniture for the shop. Therefore, Nick eagerly called his father Bob and the following conversation took place: Nick: I'Hi Dad. I saw your advertisement of selling an antique armchair. Was it the one that your great grandfather passed on to you? It would be amazing if I could have it in my new shop. What is the lowest price?" Bob: "Mate, the best price I could do for you is $2,500.00." Nick: "Dad, I have spent a lot of money to get the shop ready for opening recently and I wouldn't be able to afford $2,500.00. Would you accept $2,000.00?" Bob: "Son, ou know how much this armchair means to me and I would never t to sell if it wasn't because Y ry your mum and I desperately need the money to renovate our house. How about $2,000 and I will also give you the original cushion that comes with the armchair?" Nick: "Ok then, it's a deal." Later on the day, Bob found out that he had won a million-dollar lottery, and he no long needed to sell the armchair. Bob then called Nick and said: l'Hi, I am just calling to let you know that I have decided not to sell the armchair anymore and I am sorry for changing my mind." Advise Nick as to whether there is a contract between Nick and Bob. In your answer, you must consider and apply any relevant decisions from any relevant cases you have studied
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