answer all the question

1. Explain the legal implication arising from the law which does not impose a separate legal entity between the partnership and the partners. (3 marks) 2. A business which goes by the name of 'Salehah Bt Ahmad Trading as Salehah Enterprise' in Malaysia must be a A. private company B. public company C. partnership D. sole trader (1 mark) 3. A business which goes by the name of 'Saleh and Asociares' in Malaysia must be a A. private company B. public company C. partnership D. sole trader (1 mark) 4. Which of the following statements are TRUE? (i) A partnership is registered under the Registration of Businesses Act 1956. (ii) A sole proprietorship is a solely owned business. (iii)A company is registered under the Companies Act 2016. (iv) A partnership will be created after registration A. (i), (ii) and (iii) B. (i). (ii) and (iv) C. (i) and (iv) D. (i) and (iii) (1 mark) 5. Which of the followings are characteristics of a sole proprietorship? (i) A sole proprietor provides all the start-up capital including getting a bank loan by charging his own home (ii) A sole proprietor is not entitled to all the profits of the business since he has to share with his family members. (iii)A sole proprietorship can dissolve the business himself. (iv) A sole proprietorship can only be dissolved by obtaining a court order. A. (i), (ii) and (iii) B. (i) and (hii) C. (i) and (iii) D. All (1 mark) 6. Which of the following defines a Partnership in Malaysia? A. A type of business where the partners are only entitled to participate in the management of the coming by their voting rights during meetings B. A type of business where the agreement to form a partnership MUST be in writing and registered C. A type of business where the partners are entitled to be paid monthly salaries but are not liable for the debts of the partnership D. A type of business where a relationship based on trust and confidence which subsists between persons carrying on a business in common with a view to profits. (1 mark) 7. All partners of a partnership have and authorities to bind the partnership for any act that is closely related to the business of the partnership. A. Actual and Ostensibly B. Actual and particular C. Actual and authorized D. Special and authorized (1 mark) 8. The duty to disclose potential conflicts of interest which is imposed on a partners of a partnership is a A. special duty B. religious duty C. fiduciary duty D. noble duty (1 mark)