Questioul Ali, Raymond and John attended a car auction hosted by Cars Auctioneers, an auction centre for quality second cars after seeing the advertisements in the newspaper. Ali was interested in a Lotus Elise 2018 Model with a starting price of RM280,000. Raymond was interested in a Toyota Lexus 2010 model with a starting price of RM140,000. John was interested in a Jaguar XJ 2012 model with a starting price of RM 280,000. The starting prices were listed in the auction catalogue. Ali was furious when he found out that Lotus Elise has been withdraw] from the sale. The auction started and Raymond bid for the Toyota Lexus. His bid was the highest price bid. The auctioneer informed Raymond the auction house decided to withdraw the car because of low price. John started to bid for the Jaguar XJ. The bidding price went up to RM350,000. John decided to withdraw after bidding as the highest bidder and he informed the auctioneer he wants to withdraw his bid before the fall of hammer. But the auctioneer continued till the fall of hammer and John was the highest bidder before he could withdraw his bid. The regulation of auction house says bidders may withdraw before fall of the hammer. With reference to the Contracts Act 1950 and any decided cases, advise Ali, Raymond and John as to their legal positions. [Total 20 marks] Question 2 Mel entered into a contract with Ah Fart to purchase Ah Fatt's car for RM20,000 which he had seen a week earlier. Mel had already paid the full amount of RM20,000. Unfortunately, Lmknown to both parties the car was burnt in a re a day before they entered into the contract. With reference to the Contracts Act 1950 or any case law, examine whether the contract is valid, void or voidable. [Total 20 marks]