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Identify and apply appropriate business laws to analyze the following case examples. Mr. George has agreed verbally to pay AED. 100,000 for Mr. Ben’s collection of three classic cars. Before the matter can proceed any further Mr. Ben is involved in another negotiation. He is not responding to any communications extended by Mr. George. It is uncertain whether Mr. Ben will proceed with the agreement Worried about Mr. Ben but still eager to purchase the Literature, Mr. George consults you to ascertain what essential elements required to give rise to valid contract. Advise Mr. George on this point and explain what facts may prevent the existence of a valid contract

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