Part B Second Problem Question {10 Marks] Tony owns a business which makes and sells apple cider ("the Business"). Tony decides to sell the Business and is introduced to Julie who is interested in buying the Business. Tony and Julie enter into negotiations and agree on a deal. Both Tony and Julie sign the following document which Tony prepared. Heads of Agreement 1. Tony agrees to sell, and Julie agrees to buy, Tony's apple cider business 2. Purchase Price: $3.5 million. 3. All supplier agreements to be transferred to Julie. 4. All fixtures and fittings, as inspected, are included in the sale. 5. All employees to be transferred as per solicitor agreement. 6. This agreement is subject to the preparation of a formal contract of sale based on these terms. Tony arranges for his solicitor to prepare a formal contract for sale and then sends that contract to Julie. When Julie receives the contract, she calls Tony to tell him that she is no longer interested in buying the business. Tony is furious and says: \"Butit is too fate to change your mind, you have aiready signed the Heads of Agreement. You are legaify bound.\" ls Tony correct, is Julie legally bound to buy the Business as a result of signing the Heads of Agreement? Question 22 Not yet answered Marked out of 1000 if\" Flag