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Business Law Ver2.7-26Dec21
Business Law Ver2.7-26Dec21
Business Law Ver2.7-26Dec21
IX X XI
Ver2.4
Part One : Short-answer questions (each 8 points, total 56 points)
1. Please explain the term of ‘Consideration’, What dose ‘Consideration’ mean in business law.
2. The high court, the Court of Appeal, The Subordinate Court, the Syariah Court, the Small claims
Tribunal.
3. Singapore’s courts are consists of following types, please rearrange them in descending order
of the authority.
7. Stephen posted a letter of acceptance to Martin on 3d December. On the 5th December Martin
emailed Stephen to withdraw the offer. On the 6th December Martin received Stephen’s letter of
acceptance. Please explain whether there is a contract, and if yes, when it is formed.
Part Two: Case Study (please according to the case, according to relevant laws to make the
corresponding analysis, total of 44points)
6. Alan is a student of ABC school. He just took unit “Commercial Law” in June 2015 and received
a “Credit” Grade for the unit.
Whilst tidying up his book shelves, he decided to sell his textbook “Introduction to Business Law in
Singapore”, which was a compulsory textbook used in “Commercial Law”. As he knew of various
friends in ABC school, he posted on his Facebook page on 1 Nov 2015, as follows:-
“To all my friends who are students enrolling or are enrolled in ABC school. I am selling my textbook
“Introduction to Business Law in Singapore”, together with all the notes I took in class. The notes
are written in an exercise book and very useful as I obtained a High Distinction for this unit! The
selling price is $200.00. If keen, please pay me by 5 Nov 2015.”
Bernard is a friend on Alan’s Facebook account. He will be taking the “Business Law” unit on 23 Nov
2015 and is very keen to purchase the material from Alan. He immediately posted on Alan’s
Facebook wall on 2 Nov 2015:-
On 3 Nov 2015, Alan replied to Bernard’s post on his Facebook wall:- “Sorry. I am selling at
$200.00. In fact, there is an offer already.”
On the night of 3 Nov 2015, after much consideration, Bernard decided to buy Alan’s material.
However, he would be going overseas for 3 days and could not meet up with Alan. As such, he put
$200.00 cash in an envelope and posted to Alan in the morning of 4 Nov 2015. He then informed
Alan to look out for the cash. Alan received the cash at 5:00pm on 5 Nov 2015 when he open the
letterbox.”
On 6 Nov 2015, after receiving her pocket money, Charleen left $200.00 on Alan’s table.
Explain whether a contract was formed. If so, when was it formed and who were the contracting
parties? (there may be more than one contract in the case)
答案