Answer ALL questions.

BBM$204/03$

Emily booked a luxury cruse with OceanVoyage Lines from Miami to the Bahamas, scheduled to depart on the $10$th of November $2023.$ The cruise was reserved months in advance, fully paid for, and the booking was confirmed. Unexpectedly, the cruise was cancelled on the day of departure. The cruise line did not offer Emily an altemative sailing on the same day. Consequently, Emily had to stay overnight in Miami. The next day, she managed to book a different cruise with another company to reach the Bahames. Upon arriving. Emity reatized that she had missed a crucial business opportunity, resulting in a substantial financial ioss due to her late arrival.

Advise Emily on her potential claims against OceanVoyage Lines.

$(40$ marks$)$

$2."$An agreement that lacks consideration is deemed void.".

$($a$)$ Discuss this statement by examining the principles of consideration in the Contracts Act $1950.$

$(10$ marks$)$

$($b$)$ Explain the exceptions where an agreement might still be enforceable despite the absence of consideration.

$(10$ marks$)$

$3.($a$)$ Discuss FOUR $(4)$ sources of law based on the Malaysia context. $(20$ marks$)$

$($b$)$ Explain any TWO $(2)$ advantages and TWO $(2)$ disadvantages of judicial precedent.

$(20$ marks$)$