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glur New H JUL QUESTION 1 SOALAN 1 CLO2 (a) Define the meaning of contract. Definisikan maksud konirak [3 marks [3 markah] CL

SULIT DPB3063: BUSINESS LAW iii. explain a relevant case to support your answer. jelaskan kes yang berkaitan untuk menyokong

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Answer #1

A) Define contract

A contract is agreement between two person or group for performing specific act with legal obligation.

In order to make contract enforceable, each party must exchange something called consideration.

B(i) :- it is situation of counter offer where party rejects original offer, or replace with other offer

Counter offer give original offer three offer reject it. Replace it or

Accept counter offer.

In 1) in first case their is counter offer contract and it totally depends on zara decision either it reject counter offer or accept counter offer.

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