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Question 1 (1000 words} 011 Tuesday= Betty placed an adva'tisement in the local newspaperto sell her car: Super 2seater red Porsche Boxster car Excellent condition 3.2 litre engine 94,000 miles Only 20,000 Payable in cash only First to see will buy Betty also included the details of her home address and telephone number in the advertisement. On \"Wednesday. Terry visited Betty and expressed his willingness to purchase the car; however= he was only willing to pay 11500 in cash. Betty refused to accept this despite Terry=s attempts to persuade her to accept a lower amount. On the same day= Liarina. posted a letter to Betty= indicating her desire to buy the car as advertised and she more that she would, in person, pay Betty 20,000 cash on Friday. Marina had previously seen Betty's car and was very impressed with it. However; her letter got lost in the post and never arrived at Betty's address. 011 Thursday, Henry went over to Betty's house and inspected the car. Henry was happy with the state and condition of the car and enquired whether it would be possible to pay on Friday afternoon as he needed time to acquire the money. Betty agreed to this. On Friday morning, Marina turned up at Betty's house with the 2 0,000 cash but Betty refused to sell the car to her as she thought that Henry was going to buy it. As soon as hularina had left Betty's house, Henry rang Betty indicating that he no longer wished to purchase the car because his partner was opposed to the idea. Betty telephoned Marina to offer the car to her again, but there was a voice-mail reply saying she had gone overseas to visit her mother for two months. Desperate for a buyer, Betty rang Terry and offered to sell her car to him for 1?,500, payable either in cash or cheque. Terry immediately agreed to this and went to Betty's property with the cash. Halfway throng: the journey however, Terry was involved in a car accident which left him severely injured, and he had to be hospitalised for 2 months. Fuming with anger over her recent luck, Betty informed her son, Paul, that she was selling her car for 16,500. Paul ageed to this and on Sunday he brought the 16,500 cash to Bettyfs house only to he informed byBetty that she was no longer willing to sell it at that price because she had decided it was worth the original asking price. Advise each party with regards to any potential contractual claim that they may have. For Question 2: The Problem Scenario You may wish to follow the 'RAC' formula in forming discussions for the problem question 'I' EDENTIFY' the legal issue 'R' Explain the 'RULES' (the law legislationiiiudicial precedents from legal cases) surrounding the relevant area." issue 'A' APPLY the RULES the relevant legal principles to the issue and APPLY legal cases to support the opinion 'C' g'g 3 CONCLUSION to the issue. This formula may be used over and over again in addressing all of the issues relating to each of the parties in the assignment question An overall conclusion should be given which summarises the situation and suggestions as to how to deal with-'prevmt this type of problem occurring in the We