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QUESTION 6 Peter and Princess entered into an oral contract. Peter wanted a motorbike for his son and was under the impression that they had

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QUESTION 6 Peter and Princess entered into an oral contract. Peter wanted a motorbike for his son and was under the impression that they had entered into a contract of sale for a motorbike. Princess, however, was under the impression that a contract of lease for the motorbike had been concluded. Advise Peter and Princess regarding the validity of the contract. (4)

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