Alamgir Contractors have started construction of an Apartment Complex in Main Gulberg, Lahore. They have advertised the sale of ten two bedroom apartments in the local newspaper, stating as a special offer that \"these ten apartments are available at a special discount price to the rst 10 buyers who will deposit Rs. 1,000,000/ in Alamgir Contractors Bank Account'. Part A: Hamid paid Rs. l,000,000f-, and learnt that his friend Arif had bought an identical apartment in the same building, but did not use the special offer. But Arif had paid the same price as Hamid. This meant that Hamid did not receive the discount advertised in the newspaper. When he went to Alamgir Contractors, they said their prices were xed. Part A: In your opinion, Explain to Hamid: 1. Whether there is a contract between the parties? Why or Why not? 2. If there is a contract, who made the offer and who accepted it? 3. What kind of contract is this? Discuss the impact of different types of contract. 4. If there is no contract, what is missing? Also explain the importance of the essential elements required for the formation of a valid contract