*IRAC analysis* : Sam goes out with his friends to the local pub. While there he drinks seven large glasses of rum and lemonade in one hour. On the way home, he sees a $150,000 Mercedes in a nearby car showroom. He feels he must buy the car. He goes in and signs a contract to buy the car. He has to sit down to sign the agreement because he is so drunk that he has trouble standing. The next day he wakes up and realises what he has done. He wants to get out of the contract he has signed. He asks you to advise him You have to follow the IRAC which is Issue, Rule, Application, conclusion. You have to present the precedent cases in detail