Question
Instruction: propose you answer with relevant Justicifation from contract Act 1950. TOPIC : PROPOSAL (OFFER) AND ACCEPTANCE Question 1 Examine whether there is an enforceable
Instruction: propose you answer with relevant Justicifation from contract Act 1950.
TOPIC : PROPOSAL (OFFER) AND ACCEPTANCE
Question 1
Examine whether there is an enforceable contract between the parties in the following circumstances.Saleem advertised in the columns of the Malay Mail a 1985 model Toyota car for sale. Hafeez sent the following telegram to Saleem:
(a)Interested in buying the Toyota Car. Quote lowest price.To this Saleem replied The lowest price thatI can offer is RM17,000. Hafeez replied 'I agree to buy the car for RM17,000. Saleem did not care to answer Hafeez. After waiting for a few weeks Hafeez goes to Saleem with the money to buy the car. Saleem refuses to sell.
(b) Rashid offers Mat RMI,000 if he jumps across Bentong Gorge on his motorcycle. When Mat started his motorcycle and reached the spot and was about to jump, Rashid shouted at that moment Withdrawing his offer. However, Mat crossed the Gorge safely. Is Mat entitled to RM1,000?
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Finance And Economics Discussion Series Should Risky Firms Offer Risk Free DB Pensions
Authors: United States Federal Reserve Board, David A. Love
1st Edition
128870500X, 9781288705009
