Moncrieff is interested in buying a car. Algernon is advertising a LH Torana for sale for $15 000 and Moncrieff likes Toranas. Moncrieff views the car and likes what he sees and puts a $500 deposit down for the car. However, the car is actually a 1980 UC Torana which is worth about $5000. Moncrieff's father points this out when they go to pay the balance on the car.RequiredDiscuss with reference to relevant case law:

a) whether there is a contract?

b) whether there has been misrepresentation by Algernon?

Resourcehttps://legalvision.com.au/contract-misrepresentation/

Your task is to read the case study and formulate a legal analysis using the IRAC method.

I = Identify the Issue(s)

R = Relevant Law

A = Apply the law to the facts

C = State your Conclusion =, which should answer the Issue(s)You need to identify the legal issues that arise in the case studies, state the relevant law , apply the law to the facts of the case study and reach a conclusion. The conclusion that you reach will be the advice that you can provide to the participants in the case study. The following substantive areas of law will be dealt with in the Assignment: Contract law Law of agency Negligence

Demonstrates a capacity to identify legal issues from a set of facts Demonstrates knowledge and understanding of substantive areas of law including contract, agency and property law Shows an ability state legal principles supported by appropriate legal authority Demonstrates a capacity to apply legal principles to the facts of a case study. shows a sophisticated understanding of the key issues demonstrates a capacity to explain and apply relevant concepts justifies any conclusions reached with well-formed arguments not merely assertion provides a conclusion or summary complies with normal academic standards of legibility, referencing and bibliographical details (including reference list). is written clearly with accurate spelling, grammar and sentence and paragraph construction appropriate citation and referencing used (using Australian Legal Citation Guide)