11. Pak Hamid transfers his house to his son, Amirol, without any payment. Under the law,...
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11. Pak Hamid transfers his house to his son, Amirol, without any payment. Under the law, the contract is valid on the basis of a. Love and affection b. Pas voluntary act c. Statute barred debt d. Intention to create legal relation 12. Iffa entered a contract with Mira to purchase cosmetic product. However, before the said product arrived for distribution, the government banned the use of the product because it did not comply with the safety requirement from the Ministry of Health. The contract has been discharged by way of a. Agreement b. Breach c. Frustration d. Mutual consent 13. A valid consideration a) can be anything b) need not necessarily be lawful c) is something which has no value in the eyes of the law d) must be lawful but not necessarily be adequate 14. As a general rule minor's agreements are: a. Void ab initio b. Voidable c. Valid d. Unlawful 15. Adele, 17 years old, agreed to accept a scholarship from a private body, Sunway Foundation. After a year, Adele decided to quit. Can the foundation sue her for breach of contract? e) Yes, Adele has breached the contract f) Yes, Adele has become an adult now g) No, the contract was void because Adele was a minor then. h) No, the foundation has no capacity to sue 11. Pak Hamid transfers his house to his son, Amirol, without any payment. Under the law, the contract is valid on the basis of a. Love and affection b. Pas voluntary act c. Statute barred debt d. Intention to create legal relation 12. Iffa entered a contract with Mira to purchase cosmetic product. However, before the said product arrived for distribution, the government banned the use of the product because it did not comply with the safety requirement from the Ministry of Health. The contract has been discharged by way of a. Agreement b. Breach c. Frustration d. Mutual consent 13. A valid consideration a) can be anything b) need not necessarily be lawful c) is something which has no value in the eyes of the law d) must be lawful but not necessarily be adequate 14. As a general rule minor's agreements are: a. Void ab initio b. Voidable c. Valid d. Unlawful 15. Adele, 17 years old, agreed to accept a scholarship from a private body, Sunway Foundation. After a year, Adele decided to quit. Can the foundation sue her for breach of contract? e) Yes, Adele has breached the contract f) Yes, Adele has become an adult now g) No, the contract was void because Adele was a minor then. h) No, the foundation has no capacity to sue
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Ans 11 D Intenstion to create legal relation Explanation Father transfers his property to the son is ... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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