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The Malaysian Contracts Act 1950 (Revised 1974) is the primary law governing contracts in Malaysia and is modelled after the Indian Contract Act 1872. The objective of the introduction of contract law is to provide a structure which people can contract freely. The development of contract law in Malaysia starts before the British arrived in Malaysia where there were legal codes applies. However, there does not seem to be any proof of existing contract law in Malaysia at the beginning where basic contractual relationships such as trade and agreements were regulated by customary law and according to the prevalent views of what was right or wrong in the culture during the time. The aim of this study to examine the development of contracts in Malaysia by discussing barter system, introduction to Contracts Act 1950 and the implement of e-contract in recent days. This study applies doctrinal legal research and is expected to contribute to the body of knowledge about contract law reforms in Malaysia.
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In-Text Citation: (Razak & Ghadas, 2020)
To Cite this Article: Razak, F. A., & Ghadas, Z. A. A. (2020). From Barter System to E-Contract: Development on Trade in Malaysia. International Journal of Academic Research in Business and Social Sciences, 10(12), 390–399.
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