Business law subject

Question 1 (a) Discuss the differences between Federal Court and Sessions Court. (6) Explain the following sources of Malaysian law: (i) Legislation. (ii) Delegated legislation. (iii) Federal Constitution. Question 2 Ricky bought an MPV (multiple-purpose vehicle) under a hire purchase agreement with BLM Bank Ltd. He defaulted in his monthly instalments for the last two (2) months. Discuss the legal right of the BLM Bank Ltd. to repossess the MPV from Ricky and explain the rights legally available for Ricky in the event the car is repossessed. Support your answer with relevant statutory provisions and/or case laws. (25 marks) Question 3 Decide whether an acceptance is enforceable in the following circumstances with reference to the relevant statutory provisions and case laws: (a) On Thursday, Rita called Beatrice to offer her most favourite Disney Princess toy for RM300 to be responded by the next day. Beatrice agreed to the offer on Sunday claiming that she has just remembered about it. (5 marks) (b) Azlan offered to sell his new smartphone to Richard for RM900. Richard spoke to him and he would pay RM700 instead. (10 marks) LAW2220E (F) / Page 2 of 3 (C) Matthew sent an email to Liza offering her his camera and demands her urgent reply by early morning next day. Liza sends a text message immediately through WhatsApp and Matthew did not notice until late afternoon the next day. (10 marks) Question 4 Peter is a part-time student of College Pintar. Since he is working on full-time basis in a private company, he promised to pay his wife, Rebecca, RM800 of she prepares and types his assignment for him that he has to submit by the end of the month. Peter later refused to pay Rebecca RM800 and claimed that he was not serious in making the offer. Discuss the issues of intention to create legal relations and the presumption of such intentions. (25 marks) Question 5 "The law on minor's contract is based on two principles. First and most importantly is that the law must protect the minor against his own inexperience. The second principle is that the law should not cause unnecessary hardship to adults who deal fairly with minors. With reference to the above statement, explain the legal position of a contract entered into by minors. Support your answer with relevant statutory provisions and case laws. (25 marks) Question 6 (a) Discuss the following types of consideration and clearly describe their legal position. Support your answer with relevant statutory provisions and case laws. (i) Executory; (ii) Executed; (iii) Past consideration. (15 marks) marks) Question 6 (a) Discuss the following types of consideration and clearly describe their legal position. Support your answer with relevant statutory provisions and case laws. (i) Executory; (ii) Executed; (111) Past consideration. (15 marks) (b) Is the following promise legally binding or merely gratuitous? (1) Ben agreed to sell his new car to Shean for RM5000 as he wanted to buy a superbike. (10 marks) Question 7 Discuss the legal rights of any relevant parties in the following situations in respect of implied terms in a contract of sale. Support your answer with relevant provisions from the Sale of Goods Act 1957 and case laws. (a) Ash, the director of Ladieswear Sdn Bhd orders a carpet for her office from a sample which is labeled 100% wool. The carpet that is delivered 80% wool. Advise Ash. (13 marks) LAW2220E (F) / Page 3 of 3 (b) Zack bought an electric bike from Adventure Bikes Ltd. telling the sales assistant that he knew nothing about bikes but wanted a bike suitable for riding on rough terrain. He bought the bike recommended by the assistant, however, although the bike was fine around town, the wheels and frame bent the first time he used it on rough terrain. Advise Zack. (12 marks)