CONTRACT #21 | Deposit, Part-Payment or LAD — Can the Money Be Forfeited?

Imagine you buy a house and you paid RM 50,000 as upfront payment. You then decided not to proceed with the deal. Can the seller forfeit the RM 50,000 you paid as upfront payment ? Is that a deposit or part payment ? For more information on the courses we offered, please visit www.clpexam.com