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business law Question 6 Discuss the following types of consideration and clearly describe their legal position. Support your answer with relevant statutory provisions and case

business law

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Question 6 Discuss the following types of consideration and clearly describe their legal position. Support your answer with relevant statutory provisions and case laws. (i) Executory; (ii) Executed; (iii) Past consideration. (15 marks) Is the following promise legally binding or merely gratuitous? (i) Ben agreed to sell his new car to Shean for RM5000 as he wanted to buy a superbike. (10 marks)

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