Contracts Act 1950 (Malaysia) Explained | Key Rules, Sections & Updates
Автор: NxGen Engineers MY
Загружено: 2025-09-25
Просмотров: 79
Описание:
The Contracts Act 1950 (Act 136) is the primary law governing contracts in Malaysia. This video gives a clear, fact-checked explanation of how the Act works — from formation to remedies.
👉 What you’ll learn:
Core test for a valid contract (Section 10)
Offer, acceptance, consideration, capacity & consent
Void & voidable agreements under Malaysian law
Performance, impossibility & discharge of contracts
Quasi-contracts & restitution (including the Luno bitcoin case)
Remedies for breach: damages, penalties, specific performance
Indemnity, guarantee, bailment, pledge & agency provisions
Recent (2025) government review of the Act for modernization
Whether you’re a law student, engineer, business owner, or professional, this guide helps you understand how contracts are formed, enforced, and remedied in Malaysia.
This video is for educational purposes only and should not be taken as professional advice. The creator cannot be held responsible for any loss or damage from its use. Any third-party content is used under fair dealing for education and commentary, with all rights belonging to the respective owners.
#ContractsAct1950 #MalaysiaLaw #ContractLaw #BusinessLaw #LegalMalaysia
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