Question: 'The law makes a difference between an agreement and a contract'. Explain what are the differences between an agreement and a contract under the Contracts

'The law makes a difference between an agreement and a contract'.

Explain what are the differences between an agreement and a contract under the Contracts Act 1950.

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 Law Questions!

Q:

The law makes a difference between an agreement and a contract'. Explain in details what are the differences between an agreement and a contract under the Contracts Act 1950.

Q:

The law makes a difference between an agreement and a contract'. Explain in details what are the differences between an agreement and a contract under the Contracts Act 1950.

Q:

The following statements are INCORRECT except: A. Judicial Decisions are a written source of Malaysian Law; B. The state constitutions lay down the fundamental rights of individuals; C. Federal Court...

Q:

LAW OF AGENCY 1. Explain what is meant with agency by ratification. 2. State the requirements which must be satisfied before an agency by ratification can arise. 3. Explain THREE (3) duties of an...

Q:

EPPA 2413 LAW OF AGENCY (i)Explain what is meant by agency by ratification. TUTORIAL EPPA 2413 DR SUZANA MSAID (ii)State the requirements which must be satisfied before an agency by ratification can...

Q:

Date: 18 July 2020 Course :BBCL 2013 Commercial Law SECTION A [TOTAL = 50 MARKS] Answer ALL questions. QUESTION 1 (10 MARKS) Section 11 of the Contracts Act 1950 highlights 'who is competent to...

Q:

These all questions are in dwibahasa there also hv english la SOALAN QUESTION 1 Dengan merujuk kepada seksyen-seksyen dan kes perundangan berkaitan, bincangkan yang berikut: With reference to...

Q:

An offer or proposal is necessary for the formation of an agreement. Which of the statements below are true:- i. an offer must be firm or it must be a definite promise ii. an offer may be made to an...

Q:

QUESTION A QUESTION 1 Remedy is the method by which an injured party enforces a right or corrects a loss. Identify FIVE (5) remedies available under the law of contract. QUESTION 2 Distinguish two...

Q:

1. The following case shows that intention to create legal relations exists even though the parties are family members.* a. Merrit v Merrit b. Balfour v Balfour c. Chapple v Cooper d. Kramer v Kramer...

Q:

Explain the accrual basis of accounting and explain the reasons for adjusting entries.

Q:

A company has decided to allocate 11% of its annual net income, which was $1.56 billion, to pay dividends. It would like to give out three equal dividends during the year for each of the 800,000,000...

Q:

Convert the following denary numbers into hexadecimal: a 98 b 227 f 1000 92634 490 d 511 h 3743 14007 826 j 5000

Q:

At 30 June 2016, Grace Ltd had the following deferred tax balances: Deferred tax liability$18 000 Deferred tax asset15 000 Grace Ltd recorded a profit before tax of $80 000 for the year to 30 June...

Q:

Explain some key points on Revenue Recognition and how companies perform Reporting and Accounting in Revenue Recognition? please write it in word document , or write it in clear way to be easy to...

Q:

A time series model has been fit and checked with historical data yielding Yt = 50 + 0.45Yt-1 + t Suppose at time t = 60 the observation is Y60 = 57. A. determine forecasts for periods 61, 62, and 63...

Q:

Discuss changes in auditors' responsibility for detecting and reporting fraud acknowledged by the auditing profession between 1844-present.

Q:

Assume that you have tried three different forecasting models. For the first, the MAD = 2.5, for the second, the MSE = 10.5, and for the third, the MAPE = 2.7. We can then say: A) the third method is...

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...

Q:

18. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Q:

10. What activities in your life best express the value you want others to associate with you?