Consideration need to require the contract whether binding. Both of these parties need to reach an agreement under the law binding. If the parties are not accept the offer in the agreement, however the offeror can quit the contract with no any problem. Williams v Raffrey Brothers. R is defined as a purpose to enter a lawfully authoritative understanding or contract. This conclusion has been confirmed in Indian Oil Company Ltd v Greenstone Shipping to the situation where oils of an original owner were wrongfully and irreversibly mixed with other oils of the same nature since they were still identifiable as a part of the mixed bulk owned in common.
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The agency problem can be better defined as a conflict taking place when the agents who are entrusted with the responsibility of looking after the interests of the principals chose to use the power or authority for their personal benefits and in corporate finance, it can be explained as a conflict of interest taking place between the management of a company and its stockholders. It is a very common problem and it can be observed in almost every organization irrespective of the fact that whether it is a church, club, company or any government institution. It is a conflict of interest taking place that takes place when people who are interested in responsibilities misuse their authority and power for personal benefits. It can be resolved only if the organizations are willing to resolve it. You are free to use this image on your website, templates etc, Please provide us with an attribution link How to Provide Attribution? Every organization has its own set of long-term and short-term goals and objectives that it wishes to achieve in a pre-determined period of time.
Cite as: Ahmad, E. The purpose of this paper is to study the application of Tawarruq in the Malaysian Islamic banking system. For this purpose the paper will discuss the permissibility of Tawarruq transactions from viewpoint of classical and contemporary scholars and its application in other countries. The methodology used to conduct the study was qualitative; hence the data was collected from various documents and studies conducted by scholars. For this purpose a comprehensive study on Tawarruq was extracted from the Bank Negara guidelines and other various publications was made.
Introduction: This case study is about Padi Cepat a Malaysian company that is concerned about the future growth. The challenges that would be faced by Padi Cepat are discussed in case study and the planning for to recruit expatriate overseas. Ans 1. Introduction The purpose of this report is to give a detailed analysis on a case study of Padi-Cepat. Padi-Cepat is a Malaysian Company dealing with food, beverages and baking products.