G Mart Auction House is an auction centre for houses and apartments. Jennifer bid RM230,000 for an apartment. This was the highest price bid. The auctioneer had raised his hammer but Jennifer informed the auctioneer that she wants to withdraw her bid.

Advise Jennifer whether any contract has been formed. (Its under law of contract not SOGA)

Would your advice be different if Jennifer withdrew after the fall of the hammer?

Use ILAC (Issue, Law, Application and Conclusion) for your answer. For every law you refer, you have to apply them to the question to show that they are relevant and accurate.