Kepong Prospecting Ltd V Schmidt Case

Tan promised schmidt a tribute of 1 of the sales of all the iron ore produced and sold.

Kepong prospecting ltd v schmidt case. The malaysian case which applied the principle of past consideration is the case of. 3 kepong prospecting ltd v schmidt 1968 mlj 170 a schmidt a consulting engineer assisted in obtaining a permit for iron ore in the johor state. In malaysia the good examples of case for past consideration are kepong prospecting v schmidt schmidt a consulting engineering assisted tan to obtain iron ore permit. Jagatheesan ors v.

In the year 195 4 after the company was formed an agreement was entered into between the company and tan whereby the company took over the obligations to pay schmidt 1 of all ore that might be produced and sold. Looking after alan s son is good consideration for alan s promise. Came to the following conclusion a defendant has been receiving tribute from kepong mines ltd. And the tribute is its sole asset.

On that material hashim j. Subsequently tan set up a company called kepong prospecting ltd. Schmidt also helped in the subsequent formation of the company kepong prospecting ltd. Schmidt also assisted tan in the setting up of kepong prospecting ltd.

Tan promise to schmidt a tribute of 1 for every iron produced and soled. Page 3 of 4 kepong prospecting ltd v schmidt. T agreed with schmidt in writing that in consideration for schmidt s assistance to obtain a permit and start mining operations t would pay schmidt 1 of the price that all ore from the land was sold at. In the year 1954 after the company formed schmidt was not party of the agreement not until in the year.

Nowroji pudumjee siradar v the deccan bank ltd ilr 45 bom 1256 1258 air 1921 bom 69.