Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ali had agreed to purchase a house from Lim's Property Development at RM500,000 However, he was told unless he pays an additional amount of RM20,000

Ali had agreed to purchase a house from Lim's Property Development at RM500,000 However, he was told unless he pays an additional amount of RM20,000 the house will not be secured for him. Ali then paid the additional amount, but after 14 days he wanted to cancel the transaction. With reference to the relevant provisions of the Contracts Act 1950 and decided cases, advise the party involved in the above situation.

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

Tort Law And Alternatives Cases And Materials

Authors: Marc Franklin, Robert Rabin, Michael Green, Mark Geistfeld, Nora Engstrom

11th Edition

164708489X, 978-1647084899

More Books

Students also viewed these Law questions

Question

3. Call on low achievers as often as you do high achievers.

Answered: 1 week ago