Individual Written Assignment - QuestionOn 14th February 2023, Peter advertised his BMW car which was actually worth RM80,000for sale for RM66,000 in the Star newspaper. On 15th February, Tracy saw the advertisementand went over to Peter's house with a cheque for RM66,000 but Peter refused to accept thecheque without giving any valid reason. Tracy thereafter told Peter that she would sue Peterfor breach of contract. Also on 15th February, Dave wrote to Peter enclosing a cheque forRM66,000 saying that he would assume the car was his unless he heard to the contrary. On16th February, Angel inspected the car and requested two days to make her decision. Angelasked Peter whether he could keep the offer open for her, for which Peter agreed in exchangefor RM200. The next day. Angel went over to Peter's house with RM63,000 cash but Peterrefused to accept the lesser sum. Peter requested Angel to increase the sum to RM65,000 towhich Angel's reply was the highest she could afford was RM64,000 and nothing more. Peterthereafter accepted Angel's RM54,000 and allowed Angel to drive the car home.Advise Peter on any possible contractual relationships he may have with Tracy, Dave andAngel pursuant to the Contracts Act 1950. Make references to relevant cases laws andsections from the Contracts Act 1950.

In this scenario, we are presented with a situation involving Peter, who advertised his BMW car for…

Answered: Advise Peter on any possible…

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Advise Peter on any possible contractual relationships he may have with Tracy, Dave and Angel pursuant to the Contracts Act 1950. Make references to relevant cases laws and sections from the Contracts Act 1950.