Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Adeline, a sixteen-year-old girl, wants to know whether she can enter into commercial contracts. Advise her as to what type of contracts she may

image text in transcribed
1. Adeline, a sixteen-year-old girl, wants to know whether she can enter into commercial contracts. Advise her as to what type of contracts she may enter into legally. (30 marks) 2. An agent bought land at the price of RM900,000 on behalf of the principal. The agent knew that the buyer had earlier paid RM90.000 for the land but did not inform the principal accordingly. It turned out that the agent had received RM50,000 as a bribe from the buyer to close the deal at a much lower price than the market value. Advise the principal. (30 marks) 3. An Indonesian firm agreed to sell and deliver goods to a Malaysian company that paid a considerable sum of money in advance. However, the contract was Irustrated because of the 5.0 magnitude of earthquake near Bima in West Nusa Tenggara (Indonesia). The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company. (40 marks) END OF ASSIGNMENT 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Not For Profit Entities Audit And Accounting Guide

Authors: AICPA

1st Edition

1937351971, 978-1937351977

More Books

Students also viewed these Accounting questions