Activity

Q.
a) Explain the following terms in the context of national economy:-

National income
Gross National Product
Indirect taxes
Subsidy

( 3 marks each)

b) Explain any one (1) approach of […]

Q.
a) Distinguish the following types of market structures.

Monopoly (4 marks)
Monopolistic competition (4 marks)

b) Show the equilibrium position of a firm and industry under perfect competition in […]

Q.
a) With the aid of diagram, discuss the relationship between factors of production and the law of diminishing returns. (15 marks)

b) Using appropriate examples, explain the meaning of economics of large […]

Q.
Briefly, what are the benefits of having a Will?

A.
In short, a Will allows us to enjoy the following benefits:

Appoint our own executor;
Appoint the trustee;
Appoint the guardian of our […]

Q.What is the effect of Distribution Act 1958 on a deceased property investor?A.When a person passes away, any assets that are registered under the deceased name will be ‘frozen’. This includes money in bank […]

Q.
a) Illustrate how prices are determined by the free forces if demand and supply. (5 marks)

b) Show the different types of elasticity of demand. (5 marks)

c) Necessities tend to be inelastic in demand […]

Q.
a) Explain the basic economic problems that every economic system must resolve. (10 marks)

b) Do you agree with the statement that a “mixed economy” is the most suitable form of economic system in a […]

Q.
Nelson is an estate agent. He was instructed by Rama to evaluate Building X. Rama has stated that Nelson’s Report is important as it will be used by him to make a decision whether or not to buy the building. […]

Q.List down the duties of an agent under common law.A.(5) Agent’s duties to principal under common law1. To act in the best interests of the principala. When an agent is appointed to facilitate or negotiate a […]

Q.
Explain the duties of an agent towards his principal and the situations where a principal can ratify the unlawful act of his agent.

(20 marks, 2011 Q4)

A.
Meaning of ‘ratify’ according to The Free […]

Q.
Explain the procedure of a property auction.

A.
You will need to be above 18 years of age to register and become eligible to bid at an auction. Complete and return to the auctioneer the Auction Registration […]

Q.
There are two Arbitration Acts in Malaysia, namely Arbitration Act 1952 and 2005. What are their differences and how to determine which Act is enforceable?

A.

Procedures & Laws Governing Arbitration in […]

Q.
What is the purpose of adjudication of stamp duty? In a company, who is responsible for ensuring such procedure is done?

A.

a. Purpose of adjudication
An application to determine the amount of duty […]

List of FAQ for Tort from US Legal

What is a Tort?

Conduct that harms other people or their property is generally called a tort. It is a private wrong against a person for which the person may recover […]

Q.
Would it be more expensive if property is traded in open market? Is the cost higher?

Q.
Registered Estate Agent losing out to IT evolution in property transaction? Why do you go through agent? You can sell via Internet to your buyer direct!? Argue this observation.

Q.
The seller changed his mind again! He earlier on told John who is his property agent to dispose of the bungalow immediately. While in vacation he happened to meet a long lost friend who is very interested in […]

Q.
Ah Kaw has instructed his agent to sell his bungalow. The agent took earnest deposit from a buyer, and came back informing Ah Kaw the good news. However, Ah Kaw said he is no more selling the bungalow. Ah Kaw […]

Q.
If you loan your money to a friend, and you friend cannot repay you because he is broke. However, he has a house he can dispose of, and he is willing to pay you back if you could sell his house.

And, one […]

Q.How to terminate an agency between and agent and his principal?A.S.154 of Contract Act 1950 provides that”An agency is terminatedby the principal revoking his authority; or by the agent renouncing the business […]