Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aaron has been asked by Mariappan to negotiate a business deal on his behalf with Tune Sdn Bhd. Mariappan has reminded Aaron to close the

Aaron has been asked by Mariappan to negotiate a business deal on his behalf with Tune Sdn Bhd. Mariappan has reminded Aaron to close the deal legally with Tune Sdn Bhd before the end of March 2020. Aaron agreed. The deal had been successfully negotiated but Mariappan found that Aaron had used the illegal means of obtaining confidential profits through the negotiation. Mariappan argued on how Aaron dealt with Tune Sdn Bhd. Aaron emphasized that it was a common method used in business. Mariappan need not worry since his instruction to obtain the contract had been successfully completed.


Under the principle of agency, how is the business deal supposed to be conducted? Support your answer with legal provision from the Contract Act 1950 and ONE (1) relevant case.

Step by Step Solution

3.40 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

In the above paragraph its stated that Mariappan reached out to Aaron to negotiate a business deal woth Tune Sdn Bhd on his behalf Where Mariappan remainded Aaron to close the deal legally before the ... 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

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

14th Edition

978-0273744535, 273744445, 273744534, 978-0273744443

More Books

Students also viewed these Accounting questions

Question

=+a) What were the subjects?

Answered: 1 week ago