Please help using the IRAC method

Question 3: S.H.A.C.N Pty Ltd quoted to construct 6 units for George Jackson on a site at Glendening. The quote was $2,692,000. After some discussion on various items George Jackson said, "I'm happy to go ahead". A representative from S.H.A.C.N Pty Ltd said, "I will get our lawyers to draft a contract which should be with your lawyers within two weeks". Seven days later the representative of the company phoned George Jackson and said words to the effect, "We are not in a position to proceed to build for you, so we have been instructed not to send you a contract". Advise George Jackson about whether he has a valid enforceable contract with S.H.A.C.N Pty Ltd. Chatbot's answer: The Supreme Court of NSW in the decision Nader v Ronca NSWSC 2011 quoting the case of Masters v Cameron 1954 CLR 353 said, "For a party to be bound it must be evident that the party wished to be bound immediately". Applying Nader case and the Masters case to the facts here, there is clearly a valid enforceable contract.

3. Is the Chatbot's answer to question 3 accurate? Why/why not? Please ensure that you refer ONLY to the lectures and readings from Weeks 1-4 in JUST3003 Building Law to explain your answer, and correctly acknowledge these sources (500 words).