Tunku Abdul Rahman University College ABBL 3033 Business Law Tutorial 1 & 2 Describe the sources of law in Malaysia? What is law? o Should subsidiary legislation be allowed? Explain why Federal constitution is supreme. Describe the advantages & disadvantages of subsidiary legislation o Explain 3 reasons of why we need law in a country. Define public law and private law. Provide examples to support your answer. o Describe the functions of the legislature executive judiciary in the Malaysian Government. How are laws classified? Briefly explain each classification. Describe the Malaysian court structure? o What is judicial precedent? Explain the advantages and disadvantages of judicial precedent. Describe three main methods judges use to interpret the law? Explain briefly each method.Tunku Abdul Rahman University College ABBL 3033 Business Law Tutorial 3 1. Briefly explain what is a contract? 2. State the elements that must be present to form a contract. 3. What is a proposal/offer? 4. Why must you communicate your offer? 5. When is the communication of a proposal said to be completed? 6. What is the difference between bilateral contract and unilateral contract? Provide a case law to support the principle of unilateral contract. 7. What is an invitation to treat? Give 3 examples. 8. In a display of goods in the supermarkets, when does a contract take place. Support your explanation with case laws, if any. Question 1 Hanim wrote a letter to his old friend, Lim, offering to sell 2,000 of his shares in ABC Sdn Bhd, to Lim at a price of RM2.20 per share. Although Lim considered the price to be reasonable, he wrote back to Hanim, in the following words, 'I am willing to purchase the shares at RM2 00 per share'. Two weeks later, after not receiving any reply from Hanim, Lim wrote a letter to Hanim accepting Hanim's original offer. Hanim now refuses to sell the shares to Lim. (June 2010, ACCA Business & Corporate Law)(June 2010, ACCA Business & Corporate Law) Question 2 On 3 March 2008, Azman wrote to Benny offering to sell to Benny his yacht, Lightning, for RM1 million. The letter expressly stated that if Benny did not reply by 10 March 2008, he would be deemed to have accepted the offer. On 9 March 2008, Azman sent a letter to Benny revoking his offer. On 10 March 2008 Benny posted a letter to Azman accepting Azman's offer. Azman's letter of revocation reached Benny on 11 March 2008. Benny's letter of acceptance reached Azman on 12 March 2008. Benny wishes to know whether there is a valid contract between him and Azman for the sale and purchase of the yacht, Lightning. Required: Advise Benny under the law of contract. (June 2008, ACCA Business & Corporate Law) Additional question Question 3 Aminah saw an advertisement in a newspaper, which referred to a 'special offer while stocks last' by a local supermarket of a well-known brand of vacuum cleaners. The offer price was stated to be RM100 per unit. The usual price of such vacuum cleaners was around RM300 per unit. Aminah rushed to the supermarket, chose one of the vacuum cleaners and took it to the payment counter. The salesperson at the counter told her that the supermarket had increased the price of the vacuum cleaner and that the new price was RM320. Aminah refused to buy the vacuum cleaner at that price. She seeks your advice whether the supermarket is contractually bound to sell the vacuum cleaner to her at the advertised price of RM100. Required: Advise Aminah