DPB30073 BUSINESS LAW - Topic 2 v2

Section 10 of the Contracts Act 1950 provides all agreements are contracts if they are made by the free consent of parties.

• True

• False

Undue influence caused a consent not to be free.

• True

• False

Coercion is defined in Section 15 of the Contracts Act 1950.

• True

• False

Fraud is about mistake of facts.

• True

• False

The case explains about mistake is Chan Yoke Lain v Pacific & Orient Insurance Co Sdn Bhd.

• True

• False

A void contract is explained in Section 2(g) of the Contracts Act 1950.

• True

• False

A void contract is an agreement enforceable by law.

• True

• False

Agreement is lawful unless it is forbidden by a law.

• True

• False

A contract prohibited by statute is void.

• True

• False

The transactions or contracts made immorally or opposed to public policy are considered voidable.

• True

• False