QUESTION 4

Discuss the validity of the contracts below both under Common Law and Islamic Law;

1.Sale of a piece of a gold bar which the price is paid upfront and the gold will be delivered in the future. (5 Marks)

2.A sale of RM10 topup handphone credit to a 7 year old child. (5 Marks)

3. A lease of premise for a pub and karaoke business. (5 Marks)

4.A sale of a bungalow worth RM700000 for RM10000. (5 Marks)