(a) In January 2000, Amarjit borrowed RM100,000 from his uncle, Biman, for the purpose of financing his postgraduate studies in London. Amarjit promised to repay the loan in January 2003. Amarjit returned from London in 2002. However, until today 7 December 2010 he has not repaid the loan although he has received numerous reminders from Biman.Last month, Biman confronted Amarjit at a family gathering and threatened to take legal action to recover the loan. Amarjit then orally promised to settle the loan within one week. However, Amarjit did not keep his promise.Biman now wishes to sue Amarjit for breach of contract and recover the outstanding debt.Required:Advise Biman on his chances of success. (5 marks)
