Please help, type out no written. Using Singapore Law,

Elon recently placed an order for a Tesla $3$ with the dealer by signing a form agreeing to the

listed price of $$250,000$ including COE. It will take two months for the vehicle to arrive. One

month later, the news report that Tesla is no longer the leading electric car brand, and also COE

prices had fallen by $25\%$ which means Elon will be over$-$paying for the car. He wishes to cancel

the order.

$($a$)$ List and apply the legal principles for formation of contract to Elon's case and explain

whether Elon is bound to a legally binding contract.

$(15$ marks$)$

$($b$)$ Explain what consideration is in contract law and whether Elon can avoid a bad bargain.

$(8$ marks$)$

$($c$)$ At the time when Elon went to the dealer to test drive the Tesla $3,$ the dealer told Elon

that it is making a good choice because Teslas are the most popular electric vehicle in

the market so there will be a high resale value and demand. What the dealer did not

realise is that on the same morning, there was already a news article by Financial Times

with the heading "China's BYD has knocked Tesla off as EV leader". Neither Elon nor

the dealer had seen the news article.

Identify the requirements for Misrepresentation and apply it to Elon's case to explain

whether the contract is voidable.

$(11$ marks$)$

$($d$)$ Will it make a difference if the dealer had read the FT article but was eager to seal the

deal for fear that sales will drop after the article? Explain how so$.$

$(5$ marks$)$

$($e$)$ Will it make a difference if Elon had read the FT article but did not really care whether

Tesla or BYD is the top EV seller. Explain how so$.$

$(5$ marks$)$

$($f$)$

When Elon's lawyers examined the order form, they noticed that the dealer had not

counter$-$signed the form and there was also a rubber stamp with the following words

"Subject to Contract" at the top of the form. Discuss how this can affect Elon's ability

to cancel the order.

$(6$ marks$)$

$($g$)$ Elon also noticed later that there were other errors in the order form including:

$($i$)$ errors in Elon's home address;

$($ii$)$ spelling error stating his name as 'Elan Mask';

$($iii$)$ stating that the vehicle ordered is Tesla $x$ instead of Tesla $3.$

Identify and cite the relevant case law and legal principles and explain whether these

errors can help Elon's wish to cancel the order.