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What is meaning of consideration under malaysia contract act

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Reference no: EM131110041

1. What is the meaning of consideration under the Malaysia Contract Act 1950 and in what circumstances would a contract be valid without any consideration?

2. What is the difference between a "breach of condition" and a "breach of warranty" in relation to the law of sale of goods?

3. Explain the conditions and warranties which are implied for sale of goods under the Sale of Goods Act 1957.

4. Siti agrees to sell her land to Ali on payment of RM10,000.00. Later on, she found out from the land office that her land is worth about RM100,000.00. She then disagrees to transfer the land to Ali. What is the legal issue here? Can Ali take action against Siti for refusing to sell her land to him for RM10,000.00?

Reference no: EM131110041

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