Explain major forms of business organizations

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Reference no: EM131638371

Q1. a) What are the elements of a valid Contract? Explain with reference to Employment Contract in Oman citing at least 2 relevant Royal Decrees.

b) Vehicle Leasing Company (VLC) offers heavy duty trucks on lease to PDO contractor- Ruqn Al Yaqeen for Oil Rig transportation in PDO at the cost of RO 7,500 per month. Payment has been made in advance as per the contract. However, as the truck arrives on site, Ruqn Al Yaqeen finds out that the truck has a capacity of only 15 Tons whereas Rig weighs 20 Tons. Ruqn Al Yaqeen seeks refund of the advance paid but VLC refuses to refund the amount saying that it had not given any express undertaking that the truck will be suitable for the job. Comment on the case as per the Contract Law.

Q2.

a) Critically explain major forms of business organizations in Oman and their characteristics with suitable examples.
b) Explain rights and duties of the General Partners in an LLC company as per Oman Business Law.

Q3.

a) Explain the tripartite legal structure in Oman. How does this system contribute to orderly business environment in Oman?
b) Explain the key features of the Omani Judicial System in terms of its origin and administrative structure.

Q4. "PACP launches a recall campaign for Maserati over the possibility of fuel leak."
a) Discuss the role of Public Authority for Consumer Protection in promoting and protecting the rights of consumers in Oman citing suitable statutes (Royal Decrees).
b) Explain 2 initiatives taken by PACP in recent times in Oman with respect to protecting consumer rights and the relief provided to the complainants.

Q5.

Critically discuss the objectives of copyright law and protection of intellectual property law. Why does Oman need these kinds of laws? Use any one Oman example to demonstrate your answer.

Reference no: EM131638371

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len1638371

9/12/2017 5:40:28 AM

Evaluation Criteria Q1. a) What are the elements of a valid Contract? Explain with reference to Employment Contract in Oman citing at least 2 relevant Royal Decrees. (12 marks) b) Vehicle Leasing Company (VLC) offers heavy duty trucks on lease to PDO contractor- Ruqn Al Yaqeen for Oil Rig transportation in PDO at the cost of RO 7,500 per month. Payment has been made in advance as per the contract. However, as the truck arrives on site, Ruqn Al Yaqeen finds out that the truck has a capacity of only 15 Tons whereas Rig weighs 20 Tons. Ruqn Al Yaqeen seeks refund of the advance paid but VLC refuses to refund the amount saying that it had not given any express undertaking that the truck will be suitable for the job. Comment on the case as per the Contract Law. (4 marks)

len1638371

9/12/2017 5:40:12 AM

2. There is no maximum number of words as students have to write comprehensively, but minimum is 2500 words. Write number of words on cover page. 3. The report should be done in Word, font size 12, font style Times New Roman, text colour black, colours can be used ONLY in appendices; main body of the report should be black and white. 4. The assignment should have a cover page, table of contents, introduction, and answers to the questions, conclusion, and appropriate references. Remember to credit all sources of information that you use, in your text and in the references. Please use Coventry Harvard style of referencing. 5. Appendices. You may attach appendices to your work, if you think them necessary – they will not be included in the word-count.

len1638371

9/12/2017 5:40:05 AM

Instructions to Student: • Students should answer all questions. • Students should complete the assignment individually. • Individual report needs to be generated and each student has to submit one report only. • Relevant Oman statutes should be quoted and Oman examples used right through. • Submission date: Week 3 Instructions for the assignment: 1. This is an Individual Project. All set books, journals and internet sources should be used for adequate answers. Thorough analysis will be highly rewarded. A minimum of three (3) relevant latest journal articles in Business Law or Commercial Law is required and must be quoted in the body of the assignment as well as being properly referenced under References Section. There is no mark score at and above 70% without this.

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