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Estate Agent's Examination Part 1&2

BOVAEP Diploma in Estate Agency (ECON)

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Estate Agent's Examination Part 1&2 > Archive for 1.2 Intro to Law (Page 7)

Category: 1.2 Intro to Law

Duties of Agents

27/07/201407/11/2020 Thomas Sim E3009

Q. List down the duties of an agent under common law. A. (5) Agent’s duties to principal under common law. (Be careful here as the question used the word ‘duties’ Read More …

1.2 Intro to Law, 2.2 Estate Agency Law, 2.5 Real Est Agcy Practice1.2, 2.2, 2.5

Sources of Malaysian Law 2

27/07/201407/11/2020 Thomas Sim E3009

This is a model answer from ACCA Dec 2010 (Malaysian Law Variant) This question tests the candidates’ knowledge on sources of law. (a) Written law refers to the law that Read More …

1.2 Intro to Law1.2

Essential Elements of Contract

25/07/201407/11/2020 Thomas Sim E3009

Q.What are the essential elements of a contract? A.A contract is a legally binding agreement between at least two parties. Overview of Contracts In order to form a contract, the Read More …

1.2 Intro to Law1.2

Arbitration Act Revisited

25/07/201407/11/2020 Thomas Sim E3009

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 Read More …

1.2 Intro to Law, Arbitration1.2

Role of Negotiator

25/07/201407/11/2020 Thomas Sim E3009

Q.Describe the roles of Negotiator in assisting the client. A. Ref:http://www.nilaiharta.com.my/page/97/real-estate-agent–negotiators-role

1.2 Intro to Law, 2.2 Estate Agency Law, 2.5 Real Est Agcy Practice1.2, 2.2, 2.5

Role of Estate Agent

25/07/201407/11/2020 Thomas Sim E3009

Q.Briefly describe the roles of an estate agent in a property dealing. A. Ref:http://www.nilaiharta.com.my/page/97/real-estate-agent–negotiators-role

1.2 Intro to Law, 2.2 Estate Agency Law, 2.5 Real Est Agcy Practice1.2, 2.2, 2.5

Pro-tenant or Pro-landlord?

24/07/201407/11/2020 Thomas Sim E3009

Q. It is said that Malaysia is pro-tenant and not pro-landlord. Why is that so? A. FOR COMPLETE READING ON TENANCY MATTERS, read the slides of Mr Lee Siew Seng Read More …

1.2 Intro to Law, 2.2 Estate Agency Law, 2.4 Laws relating to Property, National Land Code1.2, 2.2, 2.4

Recover from Tenancy

24/07/201407/11/2020 Thomas Sim E3009

Q. If you have a disgruntled tenant who does not pay rental for some time without indication of moving out, what can you do? A. FOR COMPLETE READING ON TENANCY Read More …

1.2 Intro to Law, 2.2 Estate Agency Law, 2.5 Real Est Agcy Practice1.2, 2.2, 2.5

Elements to prove negligence

23/07/201407/11/2020 Thomas Sim E3009

Q.Explain all the elements necessary to prove negligence. A. In order to prove that the defendant was negligent and therefore liable for your injuries, you must prove all of the Read More …

1.2 Intro to Law1.2

Mediation vs Arbitration

23/07/201407/11/2020 Thomas Sim E3009

Q.What is the difference between mediation and arbitration?A.Mediation is a voluntary dispute resolution process; all parties must consent to participate in good faith and work toward a mutually agreeable resolution. Read More …

1.2 Intro to Law, Arbitration1.2

Advantages of mediation

23/07/201407/11/2020 Thomas Sim E3009

Q.What are the advantages of mediation? Is it legally binding? A. The benefits of mediation[1] include: Cost—While a mediator may charge a fee comparable to that of an attorney, the mediation Read More …

1.2 Intro to Law1.2

Mediation

23/07/201407/11/2020 Thomas Sim E3009

Q. Explain the terms below in the context of legal proceedings: a) Mediation b) Lawyer supported mediation c) Party-directed mediation d) Restorative justice e) Collaborative law f) Conciliation a) Mediation Read More …

1.2 Intro to Law1.2

Battery

22/07/201407/11/2020 Thomas Sim E3009

Q.What do you understand by “battery” in the context of law? A.Battery is a criminal offense involving unlawful physical contact, distinct from assault which is the act of creating apprehension of such contact. (Wikipedia)In the United Read More …

1.2 Intro to Law1.2

The Equity

22/07/201407/11/2020 Thomas Sim E3009

Q.Define “Equity law” or “Law of Equity”.A. (1) Fairness or natural justice. (2) That body of rules formulated and administered by the Court of Chancery to supplement the rules and procedure Read More …

1.2 Intro to Law1.2

The Common Law

22/07/201407/11/2020 Thomas Sim E3009

Q.What do you understand by “Common Law” A. That part of the law of England formulated, developed and administered by the old common law courts, based originally on the common Read More …

1.2 Intro to Law1.2

Coercion

22/07/201407/11/2020 Thomas Sim E3009

Q. Briefly explain; Coercion A. Similar question was asked in: MIA QE 2012/3 Q1 (b)(i) Coercion MIA QE 2014/3 Q1 (c)(i) which render a contract voidable What constitute a voidable contract? Read More …

1.2 Intro to Law1.2

Contract – force majeure

22/07/201407/11/2020 Thomas Sim E3009

Q. What is ‘Force Majeure’ in contract law? A. Force Majeure or vis major (Latin) “superior force”, is also known as cas fortuit (French) or casus fortuitus (Latin) “chance occurrence, unavoidable accident”,[1]  Force majeure is a Read More …

1.2 Intro to Law1.2

Easement 4 – Cases

13/02/201407/11/2020 Thomas Sim E3009

Q. Why creation of easement is important? A. Under the National Land Code 1965, in Section 286, an easement can only be created by express grant. It must be registered Read More …

1.2 Intro to Law, 2.4 Laws relating to Property, Easement, National Land Code1.2, 2.4

Interpretation of Law

02/01/201407/11/2020 Thomas Sim E3009

Q.What is ‘Interpretation of Law’? Provide cases which illustrate the different interpretation of law. A.There is a good article by a Chinese Lawyer entitled “Interpretation of Law”.

1.2 Intro to Law1.2

Zakat and Corporate Tax

31/12/201307/11/2020 Thomas Sim E3009

Q. Can Zakat be deducted from Corporate Tax in Malaysia? A. Yes, companies are allowed to utilize Zakat payments as tax deduction in Malaysia. For company, effective from YA 2005, Read More …

1.2 Intro to Law, 1.4 Taxation1.2, 1.4

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