Prepare your factual analygis of the assigned case. Case Name: PI v Def. Issue: Area of law and remedy sought. Reasoning: discuss what the plaintiff must argue and any possible defences. State what you think may be the outcome. Risk Reduction: one suggestion for each of the parties. Scenario Lipman agreed to sell his house to Jones in June 2000 for $240,000. In their written contract, the completion date was set for July 31. Shortly after this deal was closed, Lipman was approached by Redwing who said he would gladly pay Lipman $300,000 for the house. Lipman decided he would break his contract with Jones. He figured that even ifthe purchaser recovered damages for breach of contract, they would be less than the profit he would make by selling the house to Redwing. Then his lawyer advised him {correctly} that Jones could force the sale of the house through an order for specific performance. To avoid this, Lipman quickly sold the house to Beatty Enterprises Ltd. for an undisclosed sum on July 25. He then advised Jones it was impossible for him to close the deal. Beatty Enterprises then made an agreement to sell the house to Redwing for $300,000 on July 27'. Jones' lawyers did a search at Registrar of Companies and found that Beatty Enterprises had been created three weeks earlier: its sole director, officer, and shareholder was Lipman