Buss 1004 - what are the elements of a valid contract


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.

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Business Law and Ethics: Buss 1004 - what are the elements of a valid contract
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