Hello, this is my business law case study could you please help me to solve this, this is my part of assignment and this is in my book there in chapter 15

The Rockland Corporation carried on business as a representative for investor groups that wished to acquire active business firms. Peter Rockland, the President of Rockland Corporation, met with a group of business people who had recently established a small brewery, and who wished to purchase some of the assets of another brewery business, the Best Brewery Ltd. At the direction of the investor group, Peter Rockland met with the president of the Best Brewery Ltd. and negotiated a purchase price of $4.5 million for the assets. Peter Rockland then prepared a "letter of intent," which set out the purchase price of the assets and the terms of payment. The letter called for the

payment of a deposit of $450,000 within 48 hours of the signed acceptance of the offer by Best Brewery Ltd. The "letter of intent" was signed: "Rockland Corporation on behalf of an investor group. per Peter Rockland." Peter Rockland delivered the letter to the president of Best Brewery Ltd. On receipt of the letter, the president inquired as to the identity of the group of investors, and Peter Rockland arranged for Graham, a member of the investor group, to telephone the president and assure him that Rockland Corporation had authority to sign the letter on the investor group's behalf. Graham telephoned the president of Best Brewery Ltd. to assure him, but did not revealthe fact that he was a principal in the group that had established the competitor brewery. The president then wrote to Peter Rockland advising him that thecompany would accept the offer. The investor group was unable to arrange financing and decided to abandon the purchase. When the investor group did not pay the deposit within the 48-hour period, Best Brewery Ltd. delivered a written notice of termination of the agreement to Rockland

Corporation. Peter Rockland felt, however, that he could assemble another group of investors to acquire the assets, so he decided to enforce the agreement. Rockland Corporation then instituted legal proceedings against Best Brewery Ltd., claiming for breach of the agreement and damages. Explain the basis upon which Rockland Corporation might bring the claim; indicate the defences, if any, that the Best Brewery Ltd. might raise. Render a decision.