Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jimmy and Richard entered into two (2) memorandums of understanding (MOUs). The nature of the MOUs between them was that Jimmy had promised Richard certain

Jimmy and Richard entered into two (2) memorandums of understanding (MOUs). The nature of the MOUs between them was that Jimmy had promised Richard certain benefits and payment if Richard gave assistance to secure a joint venture arrangement with the Selangor State Government. Richard successfully secured the joint venture agreement but Jimmy did not fulfil his promise under the MOUs. Jimmy claimed that the MOUs were not meant as the binding contracts. Advise Richard whether he can enforce his right considering the MOUs were commercial in nature and therefore the parties intended to legally bind themselves. Support your answers with relevant legal authority.

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_2

Step: 3

blur-text-image_3

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

International Law Cases And Commentary

Authors: Mark Janis, John Noyes, Leila Sadat

6th Edition

1642425869, 978-1642425864

More Books

Students also viewed these Law questions

Question

2. I try to be as logical as possible

Answered: 1 week ago