Answer:
The Gramm-Leach-Bliley Act (GLB)
Explanation:
The Gramm–Leach–Bliley Act (GLB) is a law that came into being to repeal existing laws so that banks, investment companies, and other financial services companies could merge. It was enacted in November 1999 by the 106th Congress of the United States.
This law is applicable to the entire insurance agents, brokers, and financial institutions and it highlights the rules around the privacy of information these agencies obtain from customers.
Answer:
Perhaps to avoid people getting emotionally hurt?
Explanation:
Hazirah can legally claim the remaining balance of Intan's debt because there was no acceptance of the offer from Johan that the part-payment should serve as full settlement.
<h3>What is the law of contract?</h3>
The law of contract deals with the enforcement of promises when certain elements are present. These contract elements include offer, acceptance, consideration, and intention.
Intan should remember that a valid and enforceable contract has conditions. We cannot claim there is an implied acceptance of Johan's offer. Johan cannot modify the contract terms between Intan and Hazirah because he was not a party to the contract.
Lastly, Johan did not offer any consideration for Hazirah to forfeit the balance of RM5,000. And Hazirah remained silent during Johan's informal negotiations without communicating her acceptance.
Thus, there was <u>no </u><u>contract</u><u> </u>between Johan and Hazirah, and Intan should do well to repay the balance.
Learn more about the elements of a contract at brainly.com/question/8116487
