Question: 1. Based on the Companies Act 2016, explain FIVE (5) effects of incorporating a new company. (30 marks) 2. Adeline, a sixteen-year-old girl, wants to

 1. Based on the Companies Act 2016, explain FIVE (5) effects

1. Based on the Companies Act 2016, explain FIVE (5) effects of incorporating a new company. (30 marks) 2. Adeline, a sixteen-year-old girl, wants to know whether she can enter into commercial contracts. Advise her as to what type of contracts she may enter into legally. (30 marks) 3. Din sold his house in Bangsar which is worth RM5 million to Jamal for RM3 million. The payment for this purchase was done by Jamal's wife. Now, Din has discovered the actual value of the house. He wishes to terminate the agreement on the ground that inadequate consideration was given for this purchase to sell his house and the price was paid by Jamal's wife. Based on the Contracts Act 1950, advise Din. (40 marks)

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