PURPOSEThis assignment is designed to develop and enhance learners’ ability to analyse different aspects of contracts using legal provisions and decided cases. QUESTION1. Explain the elements of a valid contract.2. On Friday 5 September, Hanna sent a telex to Adam offering to buy his piano at RM3,000. The telex was received by Adam at 4pm. Since the telex operator had gone home for the weekend, Adam posted a letter in the last post on Friday, accepting the proposal. The letter reached Hanna at 1.30pm on Monday, 8 September. Meanwhile, at 8.30am on 8 September, Hanna sent a telex to Adam withdrawing her proposal. Hanna’s telex reached Adam and was read by him immediately at 8.45am on 8 September. Adam sought after your advice. Advise Adam.3. One evening, Jack met Susan and told her that Adam would sue him for his failure to pay the money he owed Adam, amounting to RM100,000. After Jack revealed his problem to Susan, She persuaded Jack to sell his bungalow to her at the price of RM100,000, to enable Jack to pay up his debt to Adam. Jack immediately agreed with Susan’s proposal because Susan was the only one in his heart. Jack had always listened to Susan and would fulfil Susan’s wishes. A contract to transfer the bungalow to Susan was done and six months later, Susan left Jack to marry her friend, Mark. Jack was frustrated and happened to know that his bungalow was worth RM300,000 at the time of the transfer. Now, Jack decided to set aside the contract on one of the grounds under voidable contracts. Discuss.
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