Problem
James needs to buy a webcam he could use for his online Zoom classes. James's laptop camera no longer works. James is 17 years old. James received a Great Tech Pty Ltd catalogue that had the Creative Live V2 webcam he wanted, advertised for sale for $50. This was nearly half price and James had enough money in his savings. James went into the Great Tech store and said, "I accept your offer to buy the Creative Live V2 webcam for $50. The manager of Great Tech said, "Sorry we are sold out of that webcam.' James said he had studied Legal studies last year and they were in a binding contract.
Task
Is there a binding contract between James and Great Tech Pty Ltd which James can enforce? We strongly suggest you use IRAC format. Discuss each of the elements of a contract, refer to case law and to specific facts to support your reasons.