Dina and her friends Tim and Mary consider creating DTM Construction Limited, a private limited liability company, for the purposes of carrying out construction works in Pafos. Before incorporation of DTM Construction Limited, Dina signs on behalf of DTM Construction Limited a contract with Panos for constructing a building in Lefkosia. After one month, DTM Construction Limited is registered with the Registrar of Companies. DTM Construction Limited then refuses to carry out any work for Panos.Required:Advise Panos. (10 marks)