Question: Hello, can u help me answer these question because i can't find the answer? Thank you. 5. Amy, a 14 years old girl entered into
Hello, can u help me answer these question because i can't find the answer? Thank you.

5. Amy, a 14 years old girl entered into a loan agreement with Sam for purchase of a rare painting worth RM500 000. Which of the following is the effect of such contract? a. Void b. Valid c. Illegal d. Voidable 6. This type of business represents a relation which subsists between persons carrying on business in common with a view of profit. Which of the following best describe such statement? a. Company b. Partnership c. Sole proprietorship d. Limited liability partnership 7. Choose the correct elements of contract. a. Offer, acceptance, intention and coercion b. Offer, agreement, intention and consideration C. Offer, acceptance, intention and consideration d. Offer, acceptance, injunction and consideration 8. Which of the following type of business represents the concept of 'separate legal entity' of an artificial person? a. Company b. Partnership c. Sole proprietorship d. Limited liability partnership 9. This type of business provides unlimited liability that extends to the owner's personal assets. Which of the following best describe such business? a. Company b. Partnership c. Sole proprietorship d. Limited liability partnership 10. Any changes in the company ownership will not affect the company's existence due to its ability of perpetual succession. Which of the following allows the dissolution of a company type of business? a. Winding up b. By agreement c. By lapse of time d. Failure to fulfill all agreement (Total: 10 Marks)
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