47. The phrase Quantum Meruitliterally means:- What is your names worth. How much is your worth How...
Question:
47. The phrase “Quantum Meruit”literally means:-
- “What is your name’s worth”.
- “How much is your worth”
- “How much it is worth”
- “How much is your contract worth”
48. “Quantum Meruit” is:-
- a measure of value of contractual work which has beenperformed
- the amount of money taken by one party from another
- the money still owing by one of the party to the contract toanother party
- a measure of the party’s actual worth
49. The Law of Contract in Malaysiabasically recognized that there are three (3) types of contractconsist of:-
a. valid contract, voidable contractand void contract
b. individual contract, groupcontract, and public contract
c. civil contract, criminal contractand syariah contract
d.civil contract, individual contract and government contract
50. Which of these statement are theright principles under the contract law:
a. avalid offer when accepted will constitute an agreement
b.counter-offer will not terminate the original offer
c.invitation to treat is an offer
d. amere asking for further information is counter-offer
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill