Answer ALL questions.
1. (a) In relation to the law of insurance, explain the term “contracts of indemnity”. Support explanation with examples. (8 marks)
(b) Explain the meaning of “contract of sale”. (12 marks)
2. (a) Describe the various classifications of agents. (20 marks)
(b) Aaron acted as an agent and purchased some goods on behalf of Martin at RM100,000. Later, seller of goods was informed by Martin’s wife that her husband passed away. George then offered the seller RM200,000 for the same goods.
Can seller sell to George, or is sel... More