Activity

Q.c) Illustrate Ricardo’s theory of rent and the assumptions. (10 marks)(10 marks, 2012 Q2c)A.Ricardo in his theory states the Law as follows:“That portion of the produce of earth which is paid to the Land Lord f […]

Q.
a) Decide whether the following goods have elastic or inelastic demand. Give reasons.

i) Petroleum
ii) Clothes
iii) Jewellery
iv) Low-cost house
v) Toothpaste

(5 marks)

b) State the special […]

Q.Explain diagrammatically how prices are determined by free forces of demand and supply. (5 marks)(5 marks, 2012 Q1bii)A.The Determination of Price and QuantityThe logic of the model of demand and supply is […]

Q.What is the meaning of ‘demand’. Why is the market demand curve sloping downward? (5 marks)(5 marks, 2012 Q1bi)A.i) Meaning of ‘demand’.Definition of ‘Demand’ An economic principle that describes a consumer’s […]

Q.
a)
Define economic systems. What do you mean by saying that the Malaysian economy is a mixed economy. (10 marks)

b)
i) Explain the meaning of demand. Why is the market demand curve sloping downward. (5 […]

Q.Define ‘Assets’, ‘Liability’ and ‘Owner Equity or Capital’ in the Accounting Equation. What then is ‘Income”?A.ASSET = LIABILITY + OWNER’S EQUITY’Assets’An asset is officially defined as:”A resource controlled […]

Q.Illustrate how GDP can be calculated with the following events in your country.Extracted from Khan Academy at http://www.khanacademy.org.A.1. Khan Academy paid $100k for a new software to engineer – investment […]

Q.
How is the rates for calculation of Annual Rent payable to the Land and Survey Department of Sarawak?

A.
Like in West Malaysia, there is Cukai Pintu for houses, and calculated as a percentage of total […]

Q.
a) What are the types of land use in Sarawak? Is it different from West Malaysia?

b) Whereby there is conversion from one use to another, how is it calculated?

c) If the State Authority alienate the […]

Q.
How is premium calculated on lease extension in Sarawak?
A.

Premium payable for lease extension in West Malaysia.
Renewal of Land Leases (RLL)
Rates of Premium for Renewal of Land Leases […]

Q.
Could you provide some short notes for exam?

A.
Go here to ‘Summary of key statutes’.

Real Property Gain Tax (RPGT)
Budget 2014/2015 (no change)

Stamp Duty

Stamp Act 1949
Fixed Duty or […]

Q.
Could you provide some short notes to be ready for exam?

A.

Go here for ‘Summary of key Statutes’. See also ‘Landmark Cases’ here.

1. Contract – Cases
Elements of Contract – Carlil v Carbolic […]

Q.What is Mediation Act 2012, and how is it affecting dispute resolution in Malaysia?A.Mediation Act 2012 is a recent Act which “promote and encourage mediation as a method of alternative dispute resolution by […]

Q.Explain the Cost incurred in arbitration process. (10 marks, 2011 Q5 (b)A.(Correction – 06.07.2016)From “The Kuala Lumpur Regional Centre for Arbitration” (KLRCA), under its arbitration rules, cost incurred in […]

Q.Hidden fee are sometimes under-estimated in a property purchase and it can come out to be a daunting figure. How to calculate legal fee and stamp duties for properties ranging from RM100,000 to RM600,000 […]

Q.What are the benefits of investing in commercial properties versus residential properties?A.The following article is extracted from Loanstreet.com.my.Upping Your Game: Residential to Commercial PropertiesIn the […]

Q.What are the differences between “leasehold” and “freehold” properties?A.Property Attributes in Malaysia – Key Things To Look ForWhen purchasing or refinancing a property in Malaysia, there are many different a […]

Q.
It is known that for a contract to be established, there are three basic elements:

Offer & acceptance
Intention to be binding
Consideration

Explain using case law how these elements are […]

Q.Zakaria has been trying to sell his condominium for a few months. May be the market has been slow, or his asking price being too high – RM550,000. Similar property around the same area was going for […]

Q.
Johnson is an avid property investor. He has appointed Ali as his agent to negotiate and buy a bungalow from Ramu. Ramu offered to sell his bungalow in Mudah.my at RM1.4mio. Ali called Ramu for an appointment […]