This assignment will assess learning outcomes:
1) A basic knowledge and understanding of the legal system and the legal structure of the Gulf Region.
2) An appreciation of the formalities and principles governing the formation of business contracts, formation and organization of business organization.
3) An ability to conduct simple directed research into the legal right and liabilities ansmg from the affairs of business.
4) An ability to analyse problem situations and apply law to provide appropriate solutions.
5) An ability to work efficiently and effectively as part of a team.
Assignment Task
Amber and Sons is a well-known LLC Company (LLC.) based in Muscat. They are dealing in laptops of different brands. It is a well-established company in Muscat. The Company has created an outstanding goodwill in the market, and as a result is able to get good credit facility from the suppliers and the agents.
One day the Company made an announcement about an offer through local newspapers. They would like to sell 40 laptops at RO 65 each although the original price of each laptop was R0130. In fact, they wanted to dispose of the old stock in order to get the new one. The validity of the offer was from the 15Th November to the 30th November 2016.
On the 25th of November 2016, Mr. Adel happened to drop into the showroom to take the advantage of the offer and he found that there were only six laptops left. He immediately decided to buy all six for himself and for his relatives. He paid RO 400, as an advance and promised to pay the balance on the 30'h of November 2016 and the deal was done in black and white.
On the 29th of November when Adel came at 10 am to pay the balance amount and get his stock of six laptops, he was told by the sales manager that only two laptops were left for him. To his surprise, he found at the same time that one customer, Mr. Rashid, arrived in the showroom asking for the four laptops reserved for him by the sales manager.
Since Mel had reserved six laptops and paid the advance amount, he refused to take two laptops. Mel discovered that the sales manager had sold the four laptops to Rashid at RO 105 each without the knowledge of Adel.
Adel was disappointed with the behaviour of the sales manager and decided to sue him in the government authority concerned.
Soon after that, due to a recession in the market conditions, the Company got involved in the financial crisis and was unable to pay their outstanding dues to their creditors including the banks. The creditors insisted on getting their dues from the company but the company could not make it since it was almost bankrupt.
The Tasks
Answer all the following questions:
1. Define Law including contract and bankruptcy
2. Explain how Adel will deal with this matter and which authorities he will approach to deal with this case.
3. Assume that you are an advisory consultant for Amber and sons, how will you advise Amber and Sons regarding this case? Explain the steps.
4. Conclusion (summarize question 2 and 3)
5. References : Follow Harvard system referencing (minimum 5 references)