Question 2 Remy was appointed as an agent by Encik lshak. He was instructed by his principal to purchase ofce furniture costing not more than RM10.000.00. However. Remy bought the furniture at a higher price. worth RM 14,000.00 from LB Furniture and he was using his own name during the transaction. Remy failed to inform and seek further instructions from his principal. Encik lshak discovered what had happened and immediateiy inspected the item. Considering the quality of the furniture was of good quality. Encik Ishak agreed with the purchase. Later. Encik Ishak changed his mind and refused to take delivery from LB Furniture. Advise both parties with regards to their rights and liabilities as principal and agent arising from the incident. Kindly consider whether LB Furniture has the rights to claim for the price of the furniture. Support your answer with reference to relevant statutory provisions and decided case(s). (20 marks) Question 1 Rihanna tented Monica stating that she wanted to sell her latest iphone for the price of RM3000 on the condition that the acceptance must be made within 10 days. In her reply, Monica suggested a new sum of RMZOOO for the item. Rihanna did not respond to Monica's request and sold her handphone to someone else thinking that Monica has rejected her otter. After a week, Monica changed her mind and agreed to the original price offered by Rihanna. Monica was surprised to know that Rihanna has sold the item to someone else. Monica was very frustrated and claimed that there was a binding contract between them. (a) Advise Monica. Support your answer with reference to relevant statutory provisions and decided case(s}. (15 marks) (b) Would your answer be different if Monica had been diagnosed with mentai illness and was admitted to a mental hospital during the negotiation period of the said contract