Law in Malaysia
Law in Malaysia
Law in Malaysia
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Two components of English law are English commercial<br />
law and English land law.<br />
English Commercial <strong>Law</strong> is provided by the section 5(1)<br />
and section 5(2) of Civil <strong>Law</strong> Act 1956. The pr<strong>in</strong>ciples of<br />
English commercial law apply <strong>in</strong> Pen<strong>in</strong>sular <strong>Malaysia</strong><br />
except Penang and Malacca <strong>in</strong> absence of local legislations<br />
– Section 5(1). This <strong>in</strong>cludes laws regard<strong>in</strong>g partnership,<br />
bank<strong>in</strong>g, pr<strong>in</strong>cipals and agents, life and <strong>in</strong>surance and so<br />
on. There is no entire dependence on English commercial<br />
law as only certa<strong>in</strong> pr<strong>in</strong>ciples apply and many local<br />
statutes have been <strong>in</strong>serted to the English Commercial<br />
<strong>Law</strong>.<br />
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