What is the age of majority according to the Age of Majority Act 1971 in Malaysia?

• 16 years

• 18 years

• 21 years

• 15 years

Which section of the Contracts Act 1950 defines the capacity to contract?

• Section 15

• Section 10

• Section 12

• Section 11

In the case of Mohori Bibee v Dhurmodas Ghose, what was the ruling regarding contracts made by minors?

• They are voidable

• They are valid

• They are enforceable

• They are void

Under the Contracts Act, a person is said to be of sound mind if they can:

• Understand the contract

• None of the above

• Form a rational judgment

• Both A and B

Which of the following is NOT a category of persons who lack capacity to contract?

• Married individuals

• Minors

• Persons of unsound mind

• Persons disqualified by law

What is the effect of a contract entered into by a person of unsound mind?

• Always void

• Voidable if the other party knew

• Enforceable under all circumstances

• Always valid

Which Act governs the legal issues pertaining to insurance in Malaysia?

• Age of Majority Act 1971

• Insurance Act 1996

• Financial Services Act 2013

• Contracts Act 1950

In the context of contracts for necessaries, which of the following is considered a necessary?

• Entertainment services

• Food and clothing

• Luxury items

• Decorative items

What is the minimum age for a female minor to marry under the Law Reform (Marriage and Divorce) Act 1976?

• 18 years

• 16 years

• 15 years

• 17 years

Which of the following statements is true regarding the capacity of minors to enter into contracts?

• Contracts for necessaries are void

• Minors can enter any contract without restrictions

• All contracts are valid

• Contracts for necessaries are enforceable