An Indonesian firm agreed to sell and deliver goods to a Malaysian company that paid a...
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An Indonesian firm agreed to sell and deliver goods to a Malaysian company that paid a considerable sum of money in advance. However, the contract was frustrated because of the 5.0 magnitude of earthquake near Bima in West Nusa Tenggara (Indonesia). The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company. (40 marks) An Indonesian firm agreed to sell and deliver goods to a Malaysian company that paid a considerable sum of money in advance. However, the contract was frustrated because of the 5.0 magnitude of earthquake near Bima in West Nusa Tenggara (Indonesia). The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company. (40 marks)
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Answer i The Malaysian company may have a right to recover the deposit they paid but it would depend ... View the full answer
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Business Law Principles for Today's Commercial Environment
ISBN: 978-1305575158
5th edition
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
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