QUESTION 4 Discuss the validity of the contracts below both under Common Law and Islamic...

80.2K

Verified Solution

Question

Accounting

QUESTION 4

Discuss the validity of the contracts below both under Common Law and Islamic Law;

1.Sale of a piece of a gold bar which the price is paid upfront and the gold will be delivered in the future. (5 Marks)

2.A sale of RM10 topup handphone credit to a 7 year old child. (5 Marks)

3. A lease of premise for a pub and karaoke business. (5 Marks)

4.A sale of a bungalow worth RM700000 for RM10000. (5 Marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students