

Today Mr Sonny teach us about the law of contract. The law of contract can be explain with binding legal agreement that is enforceable in a count of law. It also can be explain with the promise between two parties.. It also can be explain with the promise between two parties. If both of the parties have been agree with the content of the contract or agreement then they have no option to again the contract if they dint follow the content then have to stand the loss to other parties. So in order to set up the fairness and profitable contract to both side of the parties we have to study on what we need. Here is a detail of contract must involve the following elements:
A "Meeting of the Minds" (Mutual Consent)
The parties to the contract have a mutual understanding of what the contract covers. For example, in a contract for the sale of a "mustang", the buyer thinks he will obtain a car and the seller believes he is contracting to sell a horse, there is no meeting of the minds and the contract will likely be held unenforceable.
Offer and Acceptance
The contract involves an offer (or more than one offer) to another party, who accepts the offer. For example, in a contract for the sale of a piano, the seller may offer the piano to the buyer for $1,000.00. The buyer's acceptance of that offer is a necessary part of creating a binding contract for the sale of the piano.
Please note that a counter-offer is not an acceptance, and will typically be treated as a rejection of the offer. For example, if the buyer counter-offers to purchase the piano for $800.00, that typically counts as a rejection of the original offer for sale. If the seller accepts the counter-offer, a contract may be completed. However, if the seller rejects the counter-offer, the buyer will not ordinarily be entitled to enforce the prior $1,000.00 price if the seller decides either to raise the price or to sell the piano to somebody else.
Mutual Consideration (The mutual exchange of something of value)
In order to be valid, the parties to a contract must exchange something of value. In the case of the sale of a piano, the buyer receives something of value in the form of the piano, and the seller receives money.
While the validity of consideration may be subject to attack on the basis that it is illusory (e.g., one party receives only what the other party was already obligated to provide), or that there is a failure of consideration (e.g., the consideration received by one party is essentially worthless), these defenses will not let a party to a contract escape the consequences of bad negotiation. For example, if a seller enters into a contract to sell a piano for $100, and later gets an offer from somebody else for $1,000, the seller can't revoke the contract on the basis that the piano was worth a lot more than he bargained to receive.
Performance or Delivery
In order to be enforceable, the action contemplated by the contract must be completed. For example, if the purchaser of a piano pays the $1,000 purchase price, he can enforce the contract to require the delivery of the piano. However, unless the contract provides that delivery will occur before payment, the buyer may not be able to enforce the contract if he does not "perform" by paying the $1,000. Similarly, again depending upon the contract terms, the seller may not be able to enforce the contract without first delivering the piano.
In a typical "breach of contract" action, the party alleging the breach will recite that it performed all of its duties under the contract, whereas the other party failed to perform its duties or obligations.
Today is my first class of legal framework. Lecturer Mr. Sonny had been given us a short brief about this subject. And one of our assignments for this subject is request for create a blog and update the content twice a week. And the topic today is “What is law and how do you feel about law”. Basically law is a system of rule that used to maintain public order and gives the suitable punishment for those who do not follow the established rules of conduct. Law allows human fight for their right and every single life had the same level of right.
For me law might maintain the public order but in the same time law also created the opportunity for crime. For example like once the suspected criminal have not find any of evident to prove he or her crime. They have to be considering as clean. But that person maybe not. Just because of not prove of crime and he or she have to judged with acquitted crime. So for me I don’t think that the law can efficiency bring the absolute peaceful world for human. It still have many improvement can be work on it. So in order to satisfy the point of view of every public they have to consume more opinions.
The three claimed trial to the offence said to be committed at the Metro Maternity Hospital in Jalan Pasar on Dec 3. The case will be mentioned on Jan 22, 2010.
Lim Kim Wan, 56, from Jalan Sungai Nangka, Banting, and her daughters Ang Bee Ling, 36, from Jalan 16, Pandamaran, Klang and Ang Bee Churn, 31, from Jalan Alor Setar off Jalan Bukit Mertajam in Klang.
They were charged with arranging to sell a baby each.
All three were represented by Muhammad Affendy Mohd Yusof who requested the court to release them as Lim was not in good health, while Bee Ling has a child and Bee Churn has six to care for.
Deputy public prosecutors Siti Noorbaya Jamil and Aimi Syaswani Sarmin urged the court not to grant bail due to the severity of the case.
Sessions Court judge Yong Zarida Sazali granted bail at RM15,000 each with one surety for each accused.
All three are required to report to the nearest police department on the first day of each month.
The accused face jail terms of between three years and 20 years.
The Star yesterday front-paged about a group involved in selling babies to childless couples at between RM15,000 and RM20,000.
Couples who paid to have the babies included a university lecturer who was arrested in Kajang
(http://thestar.com.my/news/story.asp?file=/2009/12/16/nation/5311014&sec=nation)
After i read this this new from the internet i felt shot how come the suspected can take human life as a transaction to make profit on it.They even again the human right and didn't take life as a thing. Beside the law can get them the punishment they deserve to i think the most important thing is to educate the people now a day to respect the life.Law is only can execute when the people get involved in the crime but it doesn't really make effect in prevent the crime happen.The most important thing is to educate the people.An ethical education is much more important than the professional knowledge.So hope the govrnment can make much more attention on educate ethic to public and this is the only way to reduce and prevent all thouse kind of crime happen in the future.