CONTRACT LAW HYPOTHETICAL TO SOLVE (VIA YOUR GROUPS) The instructions for this Class Assignment are as follows 1) Read the following scena John is living in the basement suite of a house that is owned by Chris, his best mend Chris has 2 tenants living in the house (David upstars and John downstairs) Chvis alicenced realtor by profession, decides that it is time to sell the house and sends out a letter to both John and David asking them if they are interested in buying the house before he puts on the market in the letter, Chen explains that he is "interested in selling his house and he'd be willing to take $500,000 but that he'd only wall for 7 days to hear from either John or David A few days after John and David received Chester, Chris decided to advertine on tes website that the house was for sale. Seeing the ad, John wrote a letter to Chris offering $500,000 for the house and maled the letter before the promised week was up. John s offer but had to leave expeded to hear from Chris as soon as he received the letter with town immediately due to a family emergency John tried to call Chms but he was unable to connect with him David called Chrs the day he put the ad up on his website. During the conversation, David offered Chris $455.000 for the house Chns never had any intention of selling the house to David as he fet that David was a bad tenant. He only gave David a copy of the letter he sent to John as a courtesy, Chris also knew that David sold cannabis on the side and that this was David's man source of income instead of maiong any commitment one way or the other, Chris just told David that he'd think about it and said that he'd get back to him Chris recieved John's letter B days after Chris sent hes offer letter to John and David A day prior to receiving Jobe's letter, Chris accepted an offer of $520,000 for his house from a man called Spencer Spencer saw the ad on Chis website and contacted tem via ema Spencer was looking to buy a house in the amaan weet in England and has no intention of moving to Canada Aough Sponcer has the money, t and suffers from dements His estate is governed by a trustee who say making a financial decifi (15 years with 23 Explain using the principles of contract law the potion of each of the pres involved in thes scenario BC1 FM