Question: SECTION B Answer ALL questions Question 1 Tony asked Samy to act as his agent to purchase a house for him. Samy agreed to do

SECTION B Answer ALL questions Question 1 Tony

SECTION B Answer ALL questions Question 1 Tony asked Samy to act as his agent to purchase a house for him. Samy agreed to do so for free. Tony's instructions were that the house should be located in Kuching, it should have at least four bedrooms and should not cost more than RM500,000. Samy found a suitable house in Kuching but the owner was only willing to sell it at the price of RM520,000. Samy decided to purchase the house and entered into a contract with the owner on behalf of Tony. Required: a) As there is no written agreement between them, and there is no consideration given by Tony, explain whether a valid agency exists between Tony and Samy. (4 marks) b) Explain whether the contract made by Samy on behalf of Tony is binding upon Tony. (6 marks) c) In the event that the contract is not legally binding upon Tony, state whether or not he can choose to accept it. (5 marks) [15 Marks)

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