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Analyze whether Fikri is required by the law of contract to fulfill his promises in the following situations and explain the reason for your answer.

Analyze whether Fikri is required by the law of contract to fulfill his promises in the following situations and explain the reason for your answer. Support your answer with Contracts Act 1950 and decided cases (if any).

Fikri offers to sell his car valued RM50,000 to Rafiq for RM1,000.

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