contract

What are the essential elements in the formation of any contract according to Abdul Malik Ishak JCA?

• Offer, Intention to create legal relations, Consideration, Capacity

• Acceptance, Intention to create legal relations, Consideration, Capacity

• Offer, Acceptance, Intention to create legal relations, Capacity

• Offer, Acceptance, Intention to create legal relations, Consideration

According to the High Court in Sulisen Sdn Bhd v Kerajaan Malaysia, what must the parties intend for the agreement to have?

• Social recognition

• Emotional support

• Financial benefit

• Legal force

In the example 'A agreed to sell to B ‘a hundred tons of oil’, why is the agreement void?

• Lack of legality

• Lack of capacity

• Uncertainty

• Lack of consideration

What is the term used in the Contracts Act 1950 for a proposal?

• Agreement

• Proposal

• Invitation to treat

• Offer

When is the communication of a proposal complete according to Section 4(1) of the Contracts Act 1950?

• When it is revoked

• When it comes to the notice of the other person

• When it is made in writing

• When it is communicated to the acceptor

What is an example of an invitation to treat?

• Options

• Circulars and advertisement

• Display of goods in a shop window

• Tender

In the case of Pharmaceutical Society of Great Britain v Boots Cash Chemists, when was the contract made?

• When the customer picked up the medicine bottle from the shelf

• When the customer paid at the cash counter

• When the customer entered the shop

• When the customer selected items from the shelves

What is the method of revoking a proposal as provided under Section 6 of the Contracts Act 1950?

• Failure to Fulfill Condition Precedent

• Lapse of Time

• Notice of Revocation

• Death or Mental Disorder

Answer explanation

According to Section 5(1) of the Contracts Act 1950, when can a proposal be revoked?

• Only after the acceptance is communicated

• Before the communication of its acceptance is complete

• After the communication of its acceptance is complete

• At any time

What is the communication of acceptance validated by according to Section 3 of the Contracts Act 1950?

• Written communication

• Any act or omission of the party accepting the proposal

• Oral communication

• Revocation of the proposal