Contracts Act 1950

Understanding Malaysian Agency Law: A Guide to the Principal-Agent Relationship

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Understanding Malaysian Agency Law: A Guide to the Principal-Agent Relationship Introduction to Agency Law in Malaysia Agency law in Malaysia is primarily governed by the Contracts Act 1950, which outlines the legal framework for relationships between agents and principals. An agency relationship arises when one party, known as the agent, is authorized to act on […]

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Agency Law: Definition, Authority & Legal Responsibilities

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Agency Law: Definition, Authority & Legal Responsibilities Agency Law: A Complete Guide to Definition, Authority, and Legal Responsibilities What is an Agency Relationship? An agency relationship is a legal arrangement where one party, known as the agent, is authorized to act on behalf of another party, called the principal, in dealings with third parties. This

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Lawfulness of Consideration and Object in Agreements: A Legal Overview

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Lawfulness of Consideration and Object in Agreements: A Legal Overview Understanding Lawful and Unlawful Consideration in Agreements (Section 24 Contracts Act 1950) What Makes an Agreement Lawful? In contract law, an agreement is valid only if its consideration (what is given in exchange) and object (purpose) are lawful. The law states that consideration or object

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