Law Answers

Companies in particular need to consider whether or not and in what circumstances it can re-acquire its own shares and in so doing, pay strict adherence to statutory requirements, lest the transaction becomes null and void. Discuss

"The principle laid down in Foss v. Harbottle continues to create a significant obstacle to minority shareholder action."Discuss.

“In a sale of goods contract, there are terms which exist even though they are not expressly stated in
the written contract”.
With reference to the Sales of Goods Act 1957 and the relevant case law, discuss the above
statement. Recommend any amendment that needs to be done to the Sales of Goods Act in relating to this statement.

Maju Jaya Supermarket (MJ Supermarket) advertises in the newspapers that there is a vacancy for the post of manager. The advertisement stated that those who are interested can come anytime to MJ Supermarket for an interview from 11th April 2014 until 21st April 2014. Ahmad who was very interested with the post came to MJ Supermarket on 20th April 2014 and was informed by the owner that the post was already filled. Ahmad was very angry as he has already tendered his resignation to his former company.
On the day that Ahmad came to the MJ Supermarket, he saw Mr Chan, his neighbour, entering the MJ Supermarket and selected some canned food, shampoo, eggs and vegetables. He put all the items into his trolley. However, while he was still looking for other items, Mr Chan received a call from his son asking him to pick him up from the train station. Mr Chan left the items in the trolley and went out from the MJ Supermarket.
Advise Ahmad and Mr Chan whether there is any contract between them and the MJ Supermarket.

TEST

Your friend, Samantha is interested to buy a brand new car which amounts to $300,000. She has not
enough money to pay for the car in cash. She seeks your advice on any possibility for her to own the
said car, and what are her rights under the agreement.
Advise Samatha on the formation of the agreement and her rights under the said agreement.

“In a sale of goods contract, there are terms which exist even though they are not expressly stated in
the written contract”.
With reference to the Sales of Goods Act 1957 and the relevant case law, discuss the above
statement. Recommend any amendment that needs to be done to the Sales of Goods Act in relating
to this statement.

Recall an important decision (for example, selecting a specific discipline as a career) that you took and describe the same in terms of the steps you followed and the factors that affected it.