25.Sam buys a pen from 7-11 for RM2. What type of consideration is this?

(2.5 Points)

A. Past

B. Executory

C. Executed

D. Adequate

26.John buys a house from Steven for RM1 million. His wife pays for it. Which principle says that this contract is valid?

(2.5 Points)

A. Doctrine of privity of contract

B. Consideration need not be adequate but must be sufficient

C. Equity

D. Consideration need not move from the promisee

27.Ali buys a laptop which is valued at RM1000 for only RM100 from Sam. Which principle says that this contract is valid?

(2.5 Points)

A. Consideration need not be adequate but must be sufficient

B. Equity

C. Consideration need not move from the promisee

D. Doctrine of privity of contract

28.Under civil law, the moment a cause of action arises, action must be brought within how many years

(2.5 Points)

A. 5

B. 6

C. 8

D. 7

29.If a debt is statute barred, the defendant may be bound to return back the money if

(2.5 Points)

A. He promises in writing and signs the document

B. He promises in writing

C. He promises orally

D. He creates a deed