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iv) Conclusion
This is the pinnacle of your answer whereby you have to
conclude the case based on the issue and the law that you
have submitted. Kindly, refer back what the question ask you
whether to advise, decide, justify and so on. Always, students
overlook to response what was being asked before.
Sample Question
Anis and hanan are best friends. One day, Anis agreed to sell her jewelry
that she bought two years ago worth RM 1 million for at a discounted price
of RM 10 to Hanan . Later on, Hanan while in need of money resold the
jewelry to his another best friend Najwa for RM 2 million.
Sample Answer
Step 1 : Introduction
This case is about a contract of sale between Anis and Hanan. The
former sold her jewelry to the latter at a very low price of RM 10 which
was previously bought for RM 1 million.
Step 2 : Issue
The overriding issue of the above case is that whether RM 10 for
jewelry is considered as an adequate consideration as to render the
contract to be valid and thereby enforceable between Anis and Hanan.
Step 4 : Conclusion
By applying the law to the existing case study, I am of the opinion
that there is no evidence that the consent was not given freely by
Anis (promisor) to Hanan (promisee). Thus, it is submitted that by
virtue of the Explanation 2 to section 26 of the Contract Act 1950, the
contract of sale between Anis and Hanan is thereby valid and
enforceable though RM 10 is by far inadequate consideration for the
jewelry worth RM 1 million.