Explain how judicial decisions form part of the law of Malaysia.

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1. Explain how judicial decisions form part of the law of Malaysia.
2. Describe the doctrine of binding judicial precedent.
3. Differentiate between a “void” and “voidable” contract.

4. Based on Contracts Act 1950, explain any THREE (3) ways how a proposal can
be revoked.
5. Based on the Sale of Goods Act 1957, explain the rule of “nemo dat quod non
habet”. State SIX (6) exceptions to the rule.
6. An agent bought a piece of land for RM900,000 on behalf of his principal. The
agent knew that the vendor had earlier paid RM450,000 for the land but did not
inform the principal. It turned out that the agent had received RM150,000 as a
benefit from the vendor. Advise the principal.
7. Describe the characteristics of a limited liability partnership.
8. Explain the principle of “separate legal entity”.
9. Based on section 14(3) of the Companies Act 2016, elaborate the process of
application of incorporation of a company.
10. State THREE (3) main differences between a sole proprietorship and a
company.

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