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Data is at the heart of the digital age or, as some put it, "the new oil", "the next natural resource" and the "currency of the 21 st century" that everything depends on to function and operate. The Internet of Things (IoT), which aims to connect things to the Internet and interconnect them with each other, could have a huge impact on data generation and dissemination as there will be data streams from countless sources. The centrality of data and its countless value in today's world do not, however, end contention and controversial views about its nature. Every stakeholder looks at data from his own perspective. Merchants and the business community view data as a valuable asset and commodity that could generate huge profits. In the existing legal systems, courts traditionally excluded information (data) from the ambit of property and current statutes seem to be silent about the issue of dealing with data as property. This paper attempts to study the propertization of data in light of contemporary business practices and the existing laws through consulting some relevant statutory laws and court cases. The aim of the discussion is to pay attention to the gap between business practices and current legal protection available for data or information. This paper is believed to be useful and timely as data propertization is an ongoing contentious issue that surfaces with every new wave of datagenerated technology such as the IoT.

Abstract

Objective - The purpose of the paper is to discuss different forms or methods of acknowledging debt by the debtor. The paper analysis laws and cases decided by the Malaysian courts. Methodology/Technique - The methodology adopted in this study is by analysing court decisions in various cases on debt acknowledgement. Findings - The findings show that when there is acknowledgement of debt, there are several legal implications. Novelty – The paper Novelty - The paper is original since it focuses on different methods of debt acknowledgment accepted by the Malaysian courts and the legal implications or consequences resulting from such acknowledgement. As far as it is concerned, there is no specific study or compilation has been conducted on the above title. Type of Paper - Empirical. Keywords: Payment; Debt; Acknowledgement; Time Barred; Forms.