Alice wrote to Bill offering to sell him a block of shares in Utopia Ltd. in her letter; which arrived on Tuesday, Alice asked Bill to 'let me know by next Saturday'. On Thursday Bill posted a reply accepting the offer. At gm on m he changed his mind and telephoned Alice. Alice was not there but her telephone answering machine recorded Bill's message stating that he wished to withdraw his acceptance. On Monday Alice opened Bill's letter; which arrived that morning, and then played back the message on the machine. Advise Alice. Advice on answering the Questions: It is important to break the question down into its constituent issues. You are considering each of these issues with a View to determining whether or not a contract has been formed. Bill will argue that he is not obliged to purchase the shares because no contract has been formed. The issues are: a. What is the effect of Alice writing to Bill to offer to sell him shares? b. What is the effect of Alice's stipulation as to the time the offer is open? c. What is the effect of Bill's posting a reply? d. What is the effect of Bill's change of mind? Is there effective communication when a message is left on an answering machine?| e. Which of Bill's two communications is determinative