Present one scenario each that explains the following: (1) A party does not have the capacity...

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Present one scenario each that explains the following: (1) A party does not have the capacity to form a valid contract. (2) The parties concluded an illegal contract. (3) The parties made a mistake in entering into the contract. (4) There was a misrepresentation before the contract is made. Question 2 Tom (15 years old) is a British citizen who lives in Brunei-Muara District with his grandfather Charlie (85 years old). Charlie loves to drink whisky. One day, he heard from his 90-years old friend, Elizabeth, that she rented her property in Temburong to a liquor shop run by an old German businessman. According to Elizabeth, the shop was selling various alcoholic drinks, including Scotch whiskies. Charlie did not trust Elizabeth's words much because he knew Elizabeth had been diagnosed with dementia about five years ago. Nevertheless, he became interested in those Scotch whiskies, so he asked Tom to go to Temburong and buy a bottle of Scotch whisky for him in case the shop was in operation. Tom went to Temburong and found the liquor store in the middle of Ulu Temburong National Park. Unsurprisingly, Tom was unfamiliar with whiskies, so he purchased a bottle of 'Jameson' with 1,000BND, without knowing it was an Irish whisky. Three weeks later, Tom was notified by Charlie that he had made a mistake, so now Tom wants to cancel the transaction with the liquor store. Advise Tom in the above fictional scenario of his options related to the agreement with the liquor store. Present one scenario each that explains the following: (1) A party does not have the capacity to form a valid contract. (2) The parties concluded an illegal contract. (3) The parties made a mistake in entering into the contract. (4) There was a misrepresentation before the contract is made. Question 2 Tom (15 years old) is a British citizen who lives in Brunei-Muara District with his grandfather Charlie (85 years old). Charlie loves to drink whisky. One day, he heard from his 90-years old friend, Elizabeth, that she rented her property in Temburong to a liquor shop run by an old German businessman. According to Elizabeth, the shop was selling various alcoholic drinks, including Scotch whiskies. Charlie did not trust Elizabeth's words much because he knew Elizabeth had been diagnosed with dementia about five years ago. Nevertheless, he became interested in those Scotch whiskies, so he asked Tom to go to Temburong and buy a bottle of Scotch whisky for him in case the shop was in operation. Tom went to Temburong and found the liquor store in the middle of Ulu Temburong National Park. Unsurprisingly, Tom was unfamiliar with whiskies, so he purchased a bottle of 'Jameson' with 1,000BND, without knowing it was an Irish whisky. Three weeks later, Tom was notified by Charlie that he had made a mistake, so now Tom wants to cancel the transaction with the liquor store. Advise Tom in the above fictional scenario of his options related to the agreement with the liquor store.

Answer rating: 100% (QA)

Solution Here are my analyses of the scenario based on contract law principles 1 A party does not ha... View the full answer