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Question 2 125 marks! Leonardo, Michelangelo and Raphael are classmates. They were revising their Business Law notes but had some trouble understanding how a contract

Question 2 125 marks! Leonardo, Michelangelo and Raphael are classmates. They were revising their Business Law notes but had some trouble understanding how a contract is formed. They seek your help. Reguired: (a) Discuss consideration within a contract and the THREE (3) relevant rules. (11 marks) (b) Explain how courts may decide if the contracting parties had an intention to enter into a binding contract. (14 marks) Support your answers with relevant case law

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