Question 3 (12 marks) In order to pay for the asset from Grape, you have arranged to borrow money from Abby Baker. Abby has provided you with a very short Loan Agreement she wants you to sign, as follows: In consideration of the mutual covenants herein contained and for other good and valuable consideration, Abby Baker ("Lender") and XX3 (the "Borrower") hereby agree as follows: 1. Abby shall provide Borrower with the sum of $YYYYY4 . 2. The Loan shall be fully repaid within 12 months in equal monthly instalments. 3. You agree that the interest rate for the Loan is 6% per annum. 4. Lender shall strictly enforce the terms of this agreement, which shall be subject to the laws of the Province of Manitoba. As drafted, this "Loan Agreement" seems problematic for you. Please identify and explain to Abby Baker two specific (and different) problems with the drafting of the Loan Agreement as set out above, and then explain how the problems could be fixed. (To be clear, I am not concerned with the substance of the agreement or the business terms of the loan; please focus on the words used to draft it.)