Peter received leaflet from John Mole's shop which showed a 3 piece suite on sale for £800. Peter went to the shop and asked if the suite was second hand. John replies "The items are yours for £700 provided that you send me an email by 5pm today to confirm that you want them".
Peter checks his levels of savings and sends a fax (not an email) at 4pm which stated "I confirm that I wish to buy the suite for £700"
John intends to sell the suite to a third party for £1000.
Is there a contract formed?
My initial thoughts were that no contract has been formed due to the method of acceptance being incorrect. On the other hand, emails are not a legit way to accept an offer and so faxing would be more beneficial. Can anyone suggest a case study which relates to this issue?
Thanks


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