Kindly provide answers to All questions. Original content needed.

Question 1: Mojo Beverage placed the following advertisement in a local newspaper on 25 January:

'Come one, come all! Fishermen and women of Lake Tranquil. We are offering to pay $100,000 to any person who catches Lord Harry, a trout which we have tagged and released into the lake.'

The following day was the Australia Day holiday. Lake Tranquil was crowded with people fishing both from the bank and from boats. At about lunch time, a rumour spread among the people on the bank that there had been an error in the advertisement: that the true amount should have been $1,000 and that Mojo Beverage had announced that the prize would be the lower amount. The rumour was in fact true. Ben heard this rumour from the stranger fishing beside him, minutes before catching Lord Harry. A Mojo Beverage representative was on hand to certify the catch before Lord Harry was released back into the lake, but did not say anything about the amount of the prize.

Ben is claiming that Mojo Beverage owes him $100,000.

Advise Mojo Beverage, explaining applicable legal principles and citing relevant authorities.

Question 2: (a) Dorper Sheep Sellers Pty Ltd was negotiating the sale of a number of dorper sheep to a firm called Livestock Brokers, which intended to on-sell the sheep. On 1 June Dorper Sheep Sellers sent a letter to Livestock Brokers, setting out the number of sheep for sale and the price per head. It asked Livestock Brokers to reply within 14 days.

Livestock Brokers sent a letter by reply dated 6 June, inquiring whether the sale could be financed on the 'usual terms'. Dorper Sheep Sellers did not reply.

On 14 June, at the opening of business, Livestock Brokers sent a fax stating: 'We accept your offer of 1 June for the sale of sheep'. The same day Dorper Sheep Sellers faxed back, saying: 'You're too late. We're just in the process of selling the stock to another purchaser. Formalities will be completed by tomorrow'.

Advise Livestock Brokers as to the rights and liabilities of the parties in the light of the commercial interactions taken place between them.

(b) Presume in (a) above Livestock Brokers sent the fax on 14 June but because of a transmission error Dorper Sheep Sellers did not receive it. Advise Livestock Brokers under these circumstances.

Explain the details of contract LOW respect 8 Coxlill V Carbolic smoke ball cave.(i) Calculate the combined present value of an immediate annuity payable monthly in arrears such that payments are $1,000 pa for the first 6 years and $400 pa for the next 4 years, together with a lump sum of $2,000 at the end of the 10 years. [3] (ii) Calculate the amount of the level annuity payable continuously for 10 years having the same present value as the payments in (i). [3] (iii) Calculate the accumulated values of the first 7 years' payments at the end of the 7th year for the payments in (i) and (ii). [3] Basis: Assume an interest rate of 12% pa convertible monthly. [Total 9]Task: Write an essay on The \"Parole Evidence Rule\" according to the Contract law of Australia