Malaysia Case Study

Decent Essays
Register to read the introduction… The communication of the proposal is complete when B receives the letter. (b) B accepts A’s proposal by a letter sent by post. The communication of the acceptance is complete— as against A, when the letter is posted; as against B, when the letter is received by A. (c) A revokes his proposal by telegram. The revocation is complete as against A when the telegram is despatched. It is complete as against B when B receives it. (d) B revokes his acceptance by telegram. B’s revocation is complete as against B when the telegram is despatched, and as against A when it reaches …show more content…
An agreement made without consideration is void, unless— it is in writing and registered (a) it is expressed in writing and registered under the law (if any) for the time being in force for the registration of such documents, and is made on account of natural love and affection between parties standing in a near relation to each other;

26

Laws of Malaysia or is a promise to compensate for something done

ACT 136

(b) it is a promise to compensate, wholly or in part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do; or or is a promise to pay a debt barred by limitation law (c) it is a promise, made in writing and signed by the person to be charged therewith, or by his agent generally or specially authorized in that behalf, to pay wholly or in part a debt of which the creditor might have enforced payment but for the law for the limitation of suits. In any of these cases, such an agreement is a
…show more content…
B, in due course, employs an auctioneer in good credit to sell the goods of A, and allows the auctioneer to receive the proceeds of the sale. The auctioneer afterwards becomes insolvent without having accounted for the proceeds. B is not responsible to A for the proceeds.

Ratification Right of person as to acts done for him without his authority. Effect of ratification 149. Where acts are done by one person on behalf of another but without his knowledge or authority, he may elect to ratify or to disown the acts. If he ratifies them, the same effects will follow as if they had been performed by his authority.

Ratification may be expressed or implied 150. Ratification may be expressed or may be implied in the conduct of the person on whose behalf the acts are done.
ILLUSTRATIONS (a) A, without authority, buys goods for B. Afterwards B sells them to C on his own account; B’s conduct implies a ratification of the purchase made for him by A. (b) A, without B’s authority, lends B’s money to C. Afterwards B accepts interest on the money from C. B’s conduct implies a ratification of the loan.

Knowledge requisite to valid ratification 151. No valid ratification can be made by a person whose knowledge of the facts of the case is materially

Related Documents

  • Superior Essays

    Charter Bank Case

    • 1773 Words
    • 8 Pages

    Holly Hill issued a promissory note for the mortgage to Rogers and Blythe, a couple of months later Rogers and Blythe took out a loan from Charter Bank of Gainesville. In order for Rogers and Blythe to secure the loan they took out from Charter Bank they had to transfer the promissory note they had created with Holly Hill. Sometime later Rogers and Blythe defaulted on the loan. Charter Bank sued in order to recover on the Holly Hill’s promissory note.…

    • 1773 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    Programs will meet/exceed the province’s nutrition standards by providing high‐quality food to students in as cost‐effective a manner as possible. The school will profit 14% from all smoothie sales and pay Bee’z Smootheez the remaining 86%. Bee’z Smootheez can be payed via cash or cheque. Cheques should be made to the order of “Bee’z Smootheez.” Bee’z Smootheez will be payed upon collecting order forms.…

    • 427 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Psy 230 Week 4

    • 1820 Words
    • 8 Pages

    This case has multiple issues that need to be discussed and clarified. First of all, Cory advances an advertisement regarding selling his computer. He then affirms that the binding will start according to the date of the acceptance. His first offer comes by email, but encounters some faults that delay its arrival. The email is followed by a fax that counter-offers the initial proposed price.…

    • 1820 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Honest Air Conditioning

    • 1278 Words
    • 6 Pages

    Case Activities 2 Negotiability In this case, Cory Babcock and Honest Air Conditioning & Heating purchased a new 2001 Chevrolet Corvette in September 2001 from Cox Chevrolet in Sarasota, Florida. The retail installment sales contract (RISC) stated that there were required monthly payments to be made until the balance of $52,516.20 was paid in full. There were other conditions imposed by RISC on the buyers and seller with respect to the payment for and handling of the Corvette. Cox then assigned the RISC to General Motors Acceptance Corp (GMAC) and in August of 2002, the buyers sold the car to Florida Auto Brokers, which they agreed to pay the balance due on the RISC.…

    • 1278 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    THIS AGREEMENT “Agreement” is made on this ___ day of ____ 20___ between Wayne Wannabe, the President and sole employee of Discount Legal Services Inc., to located at 100 N. Navel Ave., Osceola, Pennsylvania and I. M. King of the law firm of King & Queen, P.A. located at 100 S. Navel Ave., Osceola, Pennsylvania as follows: King &Queen, P. A. agrees to employ Wayne Wannabe for paralegal services for an upcoming trail in the matter of the state of STATE OF PENNSYLVANIA v. SPRINKLE which include discount legal service for legal research and document preparation as well as any other consultation services that maybe necessary. King & Queen P. A. agrees to pay Wayne Wannabe $40.00 per hour which will be billed monthly to King & Queen P. A. for all paralegal services rendered during the time of this contracts…

    • 427 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    2. In this case, the parties have agreed to bifurcate the issues and to submit cross motions for summary judgment in order to obtain a conclusive resolution by the Court as to whether Defendant was contractually required to report income derived from his performance of medical services in Beckley as part of his “Cash Collections” under the Recruitment Agreement. 3. A valid written instrument which expresses the intent of the parties in plain and unambiguous language is not subject to judicial construction or interpretation but will be applied and enforced according to such intent.…

    • 645 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Sally's Call Case

    • 978 Words
    • 4 Pages

    Sally’s call is an invitation to treat as in British Car Auctions v Wright. The car in the case had not been offered for sale and there was only an invitation to treat; so is Sally’s phone call. He invites Ron to answer the questionnaire but if Ron declines the invitation there are no consequences as he is not contractually bound by the call.…

    • 978 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The political arithmetic of ratification outlined in Stage I of the Ratification story seemed to yield a mixed prognosis. On the one hand, only nine out of thirteen states were needed to ratify the Constitution. On the other hand, two New York delegates left the Constitutional Convention early; two delegates from Virginia refused to sign on September 17, as did one delegate from Massachusetts. The supporters of the Constitution began the ratification campaign in those states where there was little or no controversy, postponing until later the six more difficult states of Massachusetts, New Hampshire, Virginia, New York, North Carolina, and Rhode Island. Ben Kunkel has captured this challenge of the political arithmetic of ratification by anticipating…

    • 233 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    They were therefore right to engage the salesman who accepted to sale the blue sedan since it was on display. The second line of facts concerns the conversation and agreement between the salesman and the couple. It is stated that the salesman accepted the cash payment of $100 and gave them a guarantee that it would be refunded in case they decided not to buy the car. In this situation, it is stated that the buyers were not issued with a receipt as proof of payment made for the deposit of the car.…

    • 864 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    For Federalists like James Madison, unacceptable. The ratifying…

    • 256 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    8. The Amendments. (Bill of Rights first 10 amendments passed with the Constitution.) 1. This is the right to free speech.…

    • 1112 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In-State Manumissions

    • 1251 Words
    • 6 Pages

    Angered at disregard for the Act of 1820 and committed to restricting virtually every avenue for emancipation, the state assembly of South Carolina passed yet another act aimed at curtailing the manumission of slaves in 1841. This time, manumission was banned out of the state. The 1841 act titled, An Act to Prevent the Emancipation of Slaves, stated the following: “That any gift of slave or slaves, hereafter made, by deed or otherwise, accompanied by a trust, secret or expressed, that the donee shall remove such slave or slaves from the limits of this state, with the purpose of emancipation, shall be void and of no effect; and every such donee or trustee shall be liable to deliver up the same, or held to account for the value thereof,…

    • 1251 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    External Consultants

    • 528 Words
    • 3 Pages

    A contract is a legal agreement between two or more parties that contain a mutual agreements that enforceable at the law(Varone, 2012, p. 332).. Contracts can be by word of mouth, in writing, or implied by parties in some cases, whereas though consideration can be an act of promise (Varone, 2012, p. 332-333). In most cases, contracts are started when an offer is made and another party accepts. There is no acceptance when nothing is agreed upon between parties, but is legally binding once agreed upon. Contracts can become in three ways, oral, written, or implied (Varone, 2012, p. 335).…

    • 528 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Article Five of the Constitution dictates the process by which an amendment becomes part of the Constitution. First, an amendment may be proposed either by Congress with a two­thirds majority vote in both the House of Representatives and the Senate, or by a constitutional convention called for by two­thirds of the State legislatures. All 27 amendments that have been ratified were proposed through Congress. After being approved by Congress, three­fourths of the states must affirm the proposed Amendment (38 of 50) before it is ratified into the Constitution. As of December 2014, approximately 11,623 measures have been proposed to amend the Constitution.…

    • 364 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Case Law 531 Week 3 Quiz

    • 1574 Words
    • 7 Pages

    It’s because an oral agreement for land is enforceable if there is partial performance. Sadia accepted the $1,000; therefore, it is an indication that the buyer has paid part of the price and a partial performance has taken place. No signed writing is needed for a specific performance. 10. Assume that in the preceding problem Sadia had sent to Bo a receipt for the $1,000 reading as follows: "January 11.…

    • 1574 Words
    • 7 Pages
    Improved Essays

Related Topics