Activity

Q.a) You are required to complete the columns in the following table:-No. ———–Assets(RM) ——–Liabilities (RM) ——–Capital (RM)1. —————–8,000 ——————-3,000 […]

Q.Explain briefly the four stages of accounting.(12 marks, 2011 1b)A.Broadly speaking, there are four steps, or phases, which take place in accounting. These are:• Identification and Record• Sorting and Cla […]

Q.
a) There are many users which have an interest in the financial statements of a business. List 4 of these users of accounting information and explain their reasons for using the accounting information. (8 […]

Q. In simple chart form, explain how GST is going to affect a man on the street?A. A good illustration is provided by LoanStreet.com.my.http://loanstreet.com.my/learning-centre/GST-In-Malaysia-ExplainedGST In […]

Q. How GST is going to affect taxation of properties?A. A good link to read from LoanStreet.com.myhttp://loanstreet.com.my/learning-centre/How-GST-Will-Impact-Home-Prices-&-The-Property-MarketHow GST Will Impact […]

Maintenance of a building (Part II) 
08/06/2007 The Sun LAW & REALTY By Andrew Wong Fook Hin

…before management corporation is formed – Part 2

IN Part 1 (last week), we examined provisions in the Buil […]

Maintenance of a building 

01/06/2007 The Sun  LAW & REALTY By Andrew Wong Fook Hin

…before management corporation is formed – Part 1, Part 2 here.

ON April 12, the Building & Common Property (Ma […]

Q.List out the 10 principles of Economics by Mankiw.A.The list below as extracted from Mankiw (2012) ‘Principles of Economics’.Ref:Mankiw, N. Gregory. 2012. Principles of Economics, 6Ed. South-Western Cengage L […]

Q.What is the most significant of ‘the invisible hand’ by Adam Smith?A.The free market economy is fueled by the ‘invisible hand’ and demand and supply is determined by the mass public. Hence, price is not control […]

Q.
What are the different types of caveats?

A.
Registrar’s Caveat
A Registrar’s caveat is entered by the Registrar on the register document of title (RDT). So long as the caveat is in force no dealing may […]

Q.
What is a prohibitory order?

A.
According to section 334 of the NLC, ‘prohibitory order’ means, where land or interest in land held by a judgement-debtor is to be sold in execution proceedings, an ord […]

Q.
What is a caveat? What are the different caveats under the NLC?

A.
A caveat is an entry in the Register Document of Title (RDT) to any land made by Registrar of Title (RT) / Land Administrator (LA) on his […]

Q.
What are the common instruments of dealings?

A.
According to section 206(1) NLC provides that every dealing shall be effected by the relevant instrument prescribed for that purpose and must be properly […]

Q.
What is ‘lien”?

A.
First of all, a lien is not a registerable dealing.

Under section 281(1) of the NLC, it can be created in respect of any alienated land or any lease or sub-lease of alienated land. A […]

Q.
What is “Dealing” in the National Land Code? What does it encompass of?

A.
The term “dealing” is defined in section 5 NLC to mean any transaction with respect to alienated land effected under the pow […]

Q.
List out some weaknesses in the registration of land dealing system in Malaysia, and offer your opinion on how to improve them.

A.
This topic has been researched by Ainul Jaria Bt Maidin and Hunud Abia […]

Q.
What do you understand by “… as long as the variation is not a matter of substance as provided in Section 207 of the National Land Code, 1965”.

A.
This is pertaining to the submission of the instrument […]

Q.
What are the prerequisite or requirements to create a Torrens Charge?

A.
There are two (2) important requirements that must be fulfilled in order to create a legal charge:

using a Prescribed […]

Q.Describe the restrictions of creation of a charge under NLC.A.Section 241(1) of the NLC provides for powers of charging and also speaks of what type of property should be charged.The power to create a charge is […]

Q.
Briefly explain what is a Torrens Charge and how land can be used as a charge under NLC?

A.
National Land Code 1965, under Section 241(1), 243 and 281(1) provides the procedures of creating a Torrens […]