Required: See instructions below and under $$Your Tasks$.$ You will complete an individual assignment, on the scenario$/$s below. It requires you to explain and demonstrate the appropriate principles of contract law $($and key cases$)$ relevant to material covered in Topic $3.$ This assignment is based on the legal principles regarding the essential elements of contract e$.$g$.$ Agreement, Intention and Consideration. Note: References or bibliographies are not included in the word count and should not be used for adding or discussing content. They will not be marked as content. Please include the cover sheet available on Blackboard. Generative Artificial Intelligence $($AI$)$ is not permitted to be used for this assessment. Assessment Criteria Rubric for each question $-15$ marks each: Step $1$: Identification of Issues $(0$ Marks$)$ Step $2$: Discussion of Law $(8$ Marks$)$ Outline of law $5$ Identify and discuss key cases $3($Demonstrate and apply discipline knowledge and skills $$ identify and explain the appropriate legal theory and cases$)$ Step $3$: Application of Law $(4$ Marks$)$ Applies the law $3$ With logical analysis $1$ Step $4$: Draws logical conclusions $(1$ Mark$)($Think critically about the issues or problems, apply the legal theory and cases discussed and draw defensible conclusions$)$ Effective Communication Skills and four step process $(2$ marks$)$ Referencing $1$ Use of the four$-$step process $1($Write in ways appropriate to the discipline, purpose and context concisely A further $5$ marks will be allocated to the overall presentation and written quality of the assignment A marking rubric will be used on Blackboard for marking purposes. Due: Monday $15$th April at $1$pm WST $($Perth$)$ time or before. Your Task You are to write answers to the following questions: Question $1(15$ Marks$)$: Word Count Maximum $1000$ words Pecco was aware that Enio was set to expand his motorcycle engineering firm and focus on motorsport engineering services to his expanding Australian Superbike Championship clientele. As a result, he was keen to sell some old equipment that would no longer be needed. He called Enio and asked how much he would you let his carbon fibre spinning machine go for. This machine is used during Carbon Fibre manufacture. Enio replied that he would likely need to buy a bigger machine that would be suitable for larger scale operations but the lowest he would accept for the old spinning machine would be $$27000.$ Pecco knows this is a good price and told Enio that he has a deal and he would arrange collection of the machine on Monday. Enio has now reconsidered because his initial cost estimates to refit his workshop are considerably higher than originally estimated. He now also thinks he can get much more for the machine and does not wish to sell to Pecco. Question: Using the four$-$step process discuss whether the contract element of agreement $($offer and acceptance$)$ has been satisfied in the scenario. Question $2(15$ Marks$)$: Word Count Maximum $1000$ words Marc is a mechatronic engineer at Corse Engineering Pty Ltd$.$ He has worked at the company since $2013$ and is happy with the environment and gets on well with his colleagues. Despite this, he considers that he is undervalued at the organisation and consults with his friend Luca as to what to do$.$ Luca advises him to respectfully ask his employer for a pay increase but to also emphasise his excellent work ethic and professionalism. Marc discusses the matter with Corse Engineering management and they seem interested and agreeable. Given this positive response Marc successfully negotiates a pay increase backdated to his commencement with Corse Engineering in $2013$ although there will be no variation in his hours of work or duties. A month later Marc is alarmed to discover that Corse Engineering have maintained his salary at the original level and appear to have reneged on the arrangement altogether. Marc is most upset and asks for your advice. Question: Using the four$-$step process discuss whether the contract element of consideration has been satisfied in this scenario? Question $3(15$ Marks$)$: Word Count Maximum $1000$ words Valentino and Francesca were happily married and lived a privileged life due to Valentino$$s highly successful motorsport engineering consultancy business. Valentino provided Francesca with an allowance of $$1500$ per week as she was formerly a high profile medical industry executive and was accustomed to an expensive lifestyle. Valentino happily paid the allowance for a number of years but stopped suddenly when Valentino and Francesca separated and filed for divorce after Valentino$$s business hit hard times after a reduction in demand for his services following his retirement from racing. Francesca sued Valentino for the allowance as she says that he must maintain her lifestyle despite his financial difficulties. Question: Using the four$-$step process discuss whether the contract element of intenti