Question: Question: Please state the issue from this paragraph. ( Law of Contract Act1950 ) On 1st January 2021, Dato Charles had given his only son

Question: Please state the issue from this paragraph. ( Law of Contract Act1950 )
On 1st January 2021, Dato Charles had given his only son Harry, 4 travel buses (the properties) as gifts. Subsequently, Dato Charles had agreed to manage and collect monthly rentals of the properties and invest the proceeds derived therefrom for the sole benefit of the Harry. However, a year later Harry discovered that the rental monies were withdrawn from his bank account and used by Dato Charles for his own benefit. Harry then sought to recover from the properties and the rentals collected by Dato Charles from the properties. Dato Charles argued that it was a mere family arrangement. Advise.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!