Please answer all these questions.

ASSIGNMENT OUTLINE Ali is a dealer in second hand goods. He seeks your legal advice on the following matters: (a) (b) Ali entered into a contract with Ben for the purchase of an old grandfather clock from Ben for RMZDD. Ben has since refused to sell the clock to Ali, stating that the price is too low and that the actual value of the clock is RM2,DDO. Advice Ali whether Ben can insist that Ali buys the clock for RM2,DDD (50 marks) At Ali's shop there is a Persian rug displayed with a price tag that reads RM300.DO when in fact the price is actually RM3,000. When Mary comes into the shop and sees the displayed rug, she is interested to buy and brings the rug to the payment counter to key in the purchase. Upon the purchase being keyed in, Mary then discovers the price is actually RM3,000 and not RMBDO as displayed. Mary insist that the rug be sold to her at RM300 and threatens to sue Ali for breach of contract. Advise Ali (50 marks) General Introduction (a) (b) xx xxxx g Why is contract important. Meaning of contract. Elements of a contract v' The issue in this case is whether there is valid consideration for the contract between Ali and Ben. V Ben claims that the consideration of RMZOD is too low. v' Under the law of contract, consideration must be sufficient but need not be adequate. v' Sufficiency of consideration means that it must have some value and it need not necessarily be of equal value. v' Discuss case laws to support The issue is whether a display of goods amounts to an offer or an invitation to treat. There must be discussion on the difference between a true offer and an Invitation to Treat. The examples of what amounts to an invitation to treat is required to be mentioned. Then must discuss at which point in time is the contract concluded. Display of goods discussion is vital. Also to discuss the concept of counteroffer Discuss case laws to support Conclusion Conclude scenario (a) and scenario (b) by advising Ali what his rights are