3) Steve hires Nicole as an agent to sell a piece of property owned by Steve. Steve states that the price to be obtained must be at least $30,000. Nicole discovers that because a shopping mall is planned for the area of Steve's property, the fair market value of the property was at least $45,000 or higher. Nicole forms a real estate partnership, Nichan Realty, with her cousin Johan and enters into a contract on Steve's behalf to sell the property to Nichan Realty for $32,000. Nicole does not declare her interest in Nichan Realty. Nichan Realty later sells the property to an investor for $55,000. Discuss what action (if any) Steve could take against Nicole. (20 marks) Answer based on Contracts Act 1950. You are required to write in the following format: Identify the issue, Identify the relevant laws, Application of law, and Conclusion