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solution

Khalid was interested in buying Siti’s painting which she had
named “Hawa”. Khalid met
Siti and told her that he will pay her RM5,000 for “Hawa”. Siti
said she will think about it.
Two weeks later Siti told Khalid that she will sell him the
painting for RM7,000. Khalid
said that the price was too high and he did not want the
painting.
One week later, Khalid received bonus from his employer. He
immediately contacted
Siti and told her that he will pay the RM7,000 for “Hawa”. Siti
refused to give Khalid the
painting, saying the price had now gone up to RM10,000.
Is Siti bound by any contract to sell the painting to Khalid for
RM7,000? Make
references to relevant case laws and legislation.
(40 marks)

Subject : Business Law

NOTE : THIS IS PROBLEM QUESTION

1. ISSUE SHOULD MENTION

2.LAW AND APPLICATION RELATED TO CASE

3. CONCLUSION

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