Activity

Q.
(a) Explain how government intervention is done in stabilizing the economy. (6 marks)

(b) Describe the difference between Domestic Trade and International Trade. (8 marks)

(c) “Government intervention in […]

Q.(a) Explain the difference between consumer goods and capital goods. (8 marks)(b) Explain the following ‘term’ with suitable examples.(i) Firm (4 marks)(ii) Industry (4 marks)(iii) Production input (4 marks)(20 […]

Q.
(a) Explain the difference between deflation and inflation. (4 marks)

(b) Explain two (2) of the following factors as causes of inflation.

(i) Cost-push inflation (4 marks)

(ii) Demand-pull inflation […]

Q.
(a) Describe the difference between explicit costs and implicit costs by definition, concept and appropriate examples. (12 marks)

(b) Describe the difference between Gross Domestic Product (GDP) and Gross […]

Q.

(a) The above diagram shows the demand curve (DD) and the supply curve (SS) for a perfectly competitive industry. Discuss the relationship that occurs with P if D1Q1 switches to D2Q2. (10 marks)

(b) […]

Q.
(a) Explain the following terms in the context of the market structure.

(i) Monopolistic (3 marks)

(ii) Oligopoly (3 marks)

(iii) Monopsony (3 marks)

(iv) Oligopsony (3 marks)

(b) Describe the […]

Q.
(a) Describe the main functions of commercial banks based on the following three (3) aspects

(i) Acceptance of deposits (4 marks)

(ii) Loan facilities (4 marks)

(iii) Banking services and facilities […]

Q.
What constitute ‘material change’ under Town and Country Planning Act, 1976?

A.
Similar question was also posted in ‘material change’ here.

This is a tricky question as ‘material change’ is very much a […]

Q.Is there a summary on the various provisions of the law commonly asked in D04 Property Taxation?A.

Q.
What is the effect of Town and Country Planning Act, 1976 on property owner like you?

A.
Town and Country Planning Act, 1976 (hereafter TCPA) has more impact on development charge to the Property […]

Q.
b) Adi Putra purchased a parcel of agricultural land encompassing an area of one (1) acre on 1 Jun, 2009 at RM100,000. He submitted an application for conversion to change the category of land use to building […]

Q.
What do you understand by “Consent” and “Free Consent” in accordance to Contracts Act 1950?

A.
“Consent”
13. Two or more persons are said to consent when they agree upon the same thing in the same sen […]

Q.
According to Contracts Act, 1950 what are the duties of Agent to Principal?

A.

Earlier answers were more of logical answers (and see here for Duties according to Common Law as per EAA Hong Kong) as […]

Q.
According to Contracts Act, 1950 list down the various duties of principal towards his agent.

A.
This part of the law is from Section 175 to 178 of Contracts Act, 1950. Extracts are posted […]

Q.
Distinguish actual authority from apparent or ostensible authority.

A.
4 types of authorities of agent here.

LawTeacher has a write up on this here.

An agent is an individual who can represent and […]

Q.
Ali (seller) and Zamri (buyer) came to the conclusion of property transaction, with Zamri having to pay the RM5,000 within 7 days. Zamri eventually turn away from the deal. How should the communication of […]

Q.
(a) What are the duties of an agent in an agency relationship? (5 marks)

(b) State the remedies of the principal if the agent makes a secret profit. (5 marks)

(c) Define a partnership agreement as s […]

Q.
(a) Explain with reference to the Contracts Act 1950, relevant cases and examples, if any:

i) The doctrine of frustration (3 marks)

ii) The requirement of the law that parties to a contract must have t […]

Q.
(a) Awie appointed Zamri as his agent to buy Rahmat’s land at Jalan Pantai at a price not exceeding RM90,000. The land was urgently needed for the expansion of Awie’s business. Rahmat has agreed to sell the l […]

Q.
(a) Answer questions (i) and (ii) based on the Contracts Act, 1950.

(i) With reference to the provisions of the Contracts Act, 1950 explain the conditions of accepting an offer. (3 marks)

(ii) 16 year o […]