Instruction: 1. Read the case and understand it thoroughly. 2. Answer the questions at the end as best as you can. 3. Submit your answers through moodle. Don't forget to write your name and Student ID number. Introduction: In the world of business, contracts play a vital role in defining the rights and obligations of parties involved. Additionally, the concept of defamation holds significant importance, as it protects individuals and companies from false statements that may harm their reputation. This case study explores a scenario involving a company's product, contract issues, and allegations of defamation. By examining the legal aspects and ethical considerations, this case aims to provide valuable insights into the complex intersection of contracts and defamation in the business world. Case Background: ABC Electronics is a reputable technology company known for manufacturing and selling highquality smartphones. They recently entered into a contract with AHMED Retail, a well-established electronies retailer, to exclusively distribute their latest smartphone model. The contract specifies the terms of the agreement, including the quantity of units to be purchased, the agreed-upon price, and the duration of the exclusive distribution. However, soon after the launch of the smartphone, AHMED Retail begins making false claims about the product in their marketing campaigns. They publish advertisements stating that the Questions: Total of 10 marks 1. What are the essential elements of a valid contract? Analyze the contract between ABC Electronics and AHMED Retail based on these elements. (2.5 marks) 2. Do you think AHMED Retail's false advertising can be classified as a breach of contract? Support your answer with relevant legal principles. (2.5 marks) 3. What legal remedies can ABC Electronics seck if they prove breach of contract and defamation? Discuss the potential consequences for AHMED Retail if found liable.(2.5 marks) 4. In your opinion, do you think the actions of AHMED Retail are ethically acceptable? Explain your reasoning, considering the impact on both parties involved. (2.5 marks)