Question: Business & Trade Law : How to answer using ILAC method (Issue,Law,Apply,Conclusion) QUESTION 2 Identify, with reasons, whether the following contracts are valid, voidable or

Business & Trade Law : How to answer using ILAC method (Issue,Law,Apply,Conclusion)

QUESTION 2 Identify, with reasons, whether the following contracts are valid, voidable or void. Support your answer with relevant legislations and case law: a) Madam Lim is 80 years old. Her husband has passed away two years ago and she has no children. She lives in her own house with her niece, Amy. She has been in ill health for the past few years and depends on Amy to look after her. Amy tells her that unless she transfers the ownership of her house to Amy, she will be put in a nursing home. Madam Lim agrees to do so but when Amy wants her to sign the transfer of ownership documents. she reises to do so. (8 marks) 1:) Ivan and Mason had entered into an agreement for the sale of a cargo of durians arriving from Thailand to Malaysia. It turns out that both parties were not aware of the types of durians. One party thought it was Musang King and the other party thought it was D24. (7 marks) ['Iotal: 15 marks]
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