question archive PURPOSE The purpose of this assignment is to develop learners' ability to discuss the validity of a contract under Malaysian law and to evaluate the Implied terms under the Sale of Goods Act 1957
PURPOSE The purpose of this assignment is to develop learners' ability to discuss the validity of a contract under Malaysian law and to evaluate the Implied terms under the Sale of Goods Act 1957
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PURPOSE The purpose of this assignment is to develop learners' ability to discuss the validity of a contract under Malaysian law and to evaluate the Implied terms under the Sale of Goods Act 1957. REQUIREMENT Discuss the meaning and elements of a valid contract under the Contracts Act 1950. Evaluate the Implied terms provided by the Sale of Goods Act 1957. Recommend the amendments that need to be done to Malaysian law related to these Implied terms. [Total: 50 marks]
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Step-by-step explanation
Contracts are made with the free consent of the parties to the contract, so that they may be legally recognized and legalized, and not publicly declared as null and void.
Functional Contract Items are
Give
Acceptance
Consideration
Purpose of Creating Legal Relations and Power
Sure
Specified Contract Terms: These are terms that the parties have not clearly stated.
The law sets out the terms and conditions specified only when certain legal examinations are met.
