Submission is through SafeAssign by 11.55 AEST Sunday of Week 9 of the relevant trimester Question 1 Malcolm has written a letter to his close friend, Linda. In the letter he offers to sell her his sports car for $4,500. Linda calls Malcolm and explains that she needs some time to think it over as she had not planned to buy a car soon. Malcolm tells her, I'll give you until Monday July 19 to let me know whether you want the sports car." On Thursday July 15, Linda posts a letter to Malcolm agreeing to buy the sports car at the specified price. Later that Thursday, Malcolm is approached by his supervisor at work, Cynthia, who wishes to purchase Malcolm's sports car. Cynthia offers $5,000 for the car. Malcolm promptly accepts. He phones Linda and leaves a message on her answering machine telling her that he has decided to sell the car to Cynthia instead. Linda hears Malcolm's message on Friday July 16. Linda's letter to Malcolm is not delivered until Monday July 19. REQUIRED: With reference to relevant legal principles use the IRAC legal problem-solving approach to advise Malcolm as to whether he has any contractual obligations to Linda and to Cynthia. (20 Marks)