Question
The one-block post-graduate building for the private institution in Subang Jaya has been completed by a local contractor. This project is completed on schedule and
The one-block post-graduate building for the private institution in Subang Jaya has been completed by a local contractor. This project is completed on schedule and within the allocated budget, per the terms of the contract. Due to the contractor's outstanding work, the university awarded the contractor a contract to design and build a four-story building to house postgraduate students. The contractor was able to purchase 0.75 acres of property, which is around 1.5 kilometers from the university.
a. What option does the contractor have in the event that the landowner decides to participate in the development of the property rather than selling it.
b. Examine the most appropriate kind of agreement the contractor could have with the landowner.
c. Create the possible content of this contract agreement between the contractor and the owner of the land?
d. Evaluate the Power of Attorney (POA) role in this type of contact agreement.
e. Examine TWO (2) potential legal aspects need to be considered the project?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
A The contractor has a few choices if the landowner chooses to get involved in the propertys development They could sign a Joint Development Agreement ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started