Question: What are contracts? What does it mean to enter into a contract? Click the link below to read an article about a contract dispute between

What are contracts? What does it mean to enter into a contract?

Click the link below to read an article about a contract dispute between two big companies:

Boustead's MHS Aviation seeks RM42.7m in damages from Petronas Carigali

Answer the following questions. It will help you get an overview of the nature and importance of contracts in commercial transactions.

  1. Why does Boustead's MHS Aviation claim RM42.7m from Petronas Carigali?
  2. When was the contract concluded between the 2 parties?
  3. In your opinion, does Boustead MHS Aviation have the right to claim the amount of 42.7m from Petronas Carigali? Why?

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