AAii 303 Legal Principles Of Insurance Practice Questions - AAii Level 1 - Legal Principles Of Insurance (303), Malaysia Exam

Under the Civil Law Act 1956, to what extent is English common law and rules of equity applicable in Malaysia?

Only in the absence of local statutory provisions, and subject to qualifications based on local circumstances To all commercial contracts without exceptions or qualifications Only when explicitly selected as the governing law by contracting parties English common law has been completely abolished in Malaysia

Correct Answer:

Only in the absence of local statutory provisions, and subject to qualifications based on local circumstances

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