Short answer essays 1. In relation to the law on business structures, briey explain ve (5) differences between a partnership and a private limited company. Support your answer with the relevant sections of the Partnership Act 1961 or Companies Act 2016 and decided cases, if any. 2. In relation to the element of intention to create legal relations, distinguish between domestic and commercial agreements. Discuss and illustrate your answer with decided cases, if any. 3. In relation to the law of contract, briey explain: 1. inadequacy of consideration 2. Consideration need not move 'om the promise Briey explain, supporting your answer with the relevant section of the Contracts Act 1950 and /or decided cases, if any The word count for both questions for SHORT ANSWER ESSAYS should NOT EXCEED 350 each. Problem based question Amran wanted to sell his collection of "Avengers' comics for RM10, 000. (a) He made the offer to his friend Burhan. Burhan visited Amran and told Amran he was interested but wanted to think about it further. The next day, he wrote to Amran enclosing a cheque for RM8 000, saying that if he did not hear from Amran within three (3) days, he shall assume that Amran had accepted his offer. Amran did not reply. (b) One week later, Amran made the same offer to Chandran. Chandran also visited Amran and offered to pay Amran RM 9 000 for the comics. Amran refused and said he now wanted RM12 000. Chandran got angry that Amran was asking for more than the original price of RM10 000. (c) Chandran said he will pay the original price of RM10 000 and no more. Amran refused to budge from his new asking price of RM 12 000. (d) Three weeks later, Amran offered the comics to Daniel. Daniel asked Amran whether the comics were in 'tip top' condition. Amran said 'Perfect!' even though he knew there was a torn page in one of the comics. Daniel bought the comics and later found the torn page. He was furious. Burhan, Chandran and Daniel wish to take legal action against Amran. Advise Amran of the whether there exists any contract between him and either Burhan, Chandran or Daniel. (Format given below) Issue: Law: Application: Conclusion: The word count for the question for problem based question should NOT EXCEED 1000