Reginald decided he no longer wanted to keep the holiday house he owns at Lorne on Victoria's south-west coast. He agrees to sell it to his brother, Tom. They agree on a purchase price of $280000 and sign a document dated 10 June by which Tom agreed to buy and Reginald agreed to sell "subject to a proper contract being prepared on these same terms by the purchaser's solicitors". The settlement date was named as 10 September, on which date the purchase money was to be paid and possession given to Tom. A contract of sale, prepared by Tom's solicitors, was sent to Reginald for signature on 20 June. However Reginald refuse to sign, saying he had changed his mind. Advise Tom of any rights he may have.