Series D02 Law 4/6 - Question 1; Contract Law

Q.
Can you predict what question is going to come out on Contract Law this year 2015?
(Series D02 Law 4/6 - Question 1; Contract Law)

A.
Based on the past 4 years:

2011 Q6 invitation to treat vs offer
2012 Q8 intention to create legal relations
2103 Q1 elements of valid contract & how contract be nullified
2014 Q1 contractual capacity & with infant

There is always a question on the basic rules and elements of a contract. Revocation offer and acceptance is another area for questions. In the topic of consideration, there can be more in-depth discussion on consideration being binding or not to the validity of contract.

1. Consideration is part of the necessity to basic element of a valid contract. Comment and contrast this view to the Malaysian Contract Act 1950.

2. When an offer is made to the promisee the promisor can revoke the offer till an acceptance is received. Is this correct? Discuss your case with reference to Contract Act 1950.

3. As you received the offer, you quickly replied with acceptance. Shortly after that you discovered your mistakes, and wanted to call off the deal. Is that possible? Give your answer with reference to Contract Act 1950.

4. What do you understand by 'Past Consideration is Good Consideration'?

5. What are the exceptions to the general rule that an agreement without consideration is void?

Ref:
Earlier posts in past year question bank.