COUNSEL & SOLICITOR:
For the plaintiff/respondent – Tan Keng Teck; M/s Lim Kian Leong & Co
High Court
CONTRACT: Formation – Consideration – Whether exchange of mutual promises could constitute consideration – Contracts Act 1950, s. 2(e), (f)
CONTRACT: Consideration – Executory consideration – Whether good consideration – Contracts Act 1950, s. 2(d)
CONTRACT: Consideration – Mutual promises – Whether reciprocal promises – Whether exchange of mutual promises could constitute consideration – Contracts Act 1950, s. 2(e), (f)
CIVIL PROCEDURE: Action – Cause of action – Whether action involving recovery of a penalty or forfeiture or sum by way of penalty or forfeiture – Whether action merely recovery of a debt due and owing