Question 2 Jimmy and Richard entered into two (2) memorandums of understanding (MOUs). The nature of the MOUs between them was that Jimmy had promised Richard certain benefits and payment if Richard gave assistance to secure a joint venture arrangement with the Selangor State Government. Richard successfully secured the joint venture agreement but Jimmy did not fulfil his promise under the MOUs. Jimmy claimed that the MOUs were not meant as binding contracts. Advise Richard whether he can enforce his right, considering the MOUs were commercial in nature and therefore the parties intended to legally bind themselves. Support your answers with relevant legal authorities. (25 marks)