1. Answer the case study below using the law of contract principles. (20 marks) A. Stewart has a classis car that he has decided to sell. 2. On Tuesday March 1, Stewart posted a letter to his friend Mark who lives in Montego Bay informing him that he is selling his classic car for $3,000,000 and he is to send his response as to whether he will purchase the car by post to his work address which is 245A Mona Lisa Drive. Mark received the letter on Thursday March 3 and immediately responded by post. He included the cheque for the $3,000,000.00 and he was so excited and mailed the letter to 245A Mona Lisa Avenue. In the letter, he also informed Stewart that he would come and collect same on Thursday March 10. Stewart expected to receive a response from Mark no later than Tuesday March 8, having not heard from him, he sold the car to another friend Jack for $3,500,000.00 on Wednesday March 9. Mark arrived on Thursday as he stated in the letter, with another driver to take the car back to Montego Bay. Stewart informed him that he sold the classis car the previous day, as he did not receive a response from him. Mark informed Stewart that he was going to sue him as he accepted his offer! Stewart has come to you for advice as to whether or not Mark is correct. Advise Stewart on all legal issues arising. a. Identify three issues arising b. Discuss the legal principles and apply the cases that are relevant to the case study c. Apply the legal principles to the case study d. Advise Kirk Prepare a case scenario that depicts an offer that is terminated by way of a Counteroffer. Explain the law and relevant supporting case. (5 marks) END OF TEST (3 mks) (10 mks) (5 mks) (2 mks)