Economical Law Remarks
п»їTutorial 2 Response
-Could Paula recover her financial debt from Sue?
Explanation from the Law
H. 26-GR: A promise unsupported by account is emptiness.
The Limit Act 1953, s. 6(1)(a)
-limitation period is 6 years from the time the cause of action arose
Using the Law
Claire had decided to repay the sum took out within 1 month i. electronic. Dec 2007 This is the time of the break of contract and Paula's cause of action. Date barred by statute:
-Cannot recover the money after December 2013. It truly is time-barred because past 6 years
*Basically, when we say My spouse and i pay you another day, then the acknowledgement for general rule (6 years) commence tomorrow
A assure is made in return for another; a mutual exchange of guarantees.
-S. 24 Illustration (a)
-Murugesu versus Nadarajah ; Wong Hon Leong David sixth is v. Noorazman bin Adnan; Ahmad Zaini bin Japar v. TL Offshore Sdn Bhd 
A promise is done in return for the performance of your act. e. g. incentive cases. -A unilateral contract
-Carlil v. Carbolic Smoking Ball Company. Ltd 
-only the promisor manufactured the assure
-promisee carry out the required take action
A guarantee in return for a great act which includes already been performed. The action Is done ptior to the assurance. -Kepong Prosection Ltd. & S T Jegatheesan & Ors. v. A E Schmidt & Anor
Standard rule- contract without account is gap S. twenty six.
S. 26(a)- agreement based on normal love and affection:
w. Registered in the event that law needs so
c. Based on organic love and affection
deb. Closed romance between get-togethers
-ReTan Soh Sim ; Tang Meng Hock v. Tang Ming Seng
S. 26(b)- agreement to compensate for a past voluntary take action.
S. 26(c)- agreement to pay statut barred personal debt provided next conditions pleased:
Identification of Issues
Whether or not the transfer of the home...