Business Law

Q1. The law of contract outlines duties and obligations of the parties to a contract and eliminates ambiguity. Critically analyse this statement vis-à-vis the law of contract provisions and why disputes are still common despite all these provisions. Use an applied Omani example for demonstration. Q2. Critically explain reasons why it may become necessary to terminate contracts. Oman is now diversifying its economy to prepare for life after oil under Tanfeeth Diversification Plan 2040. Critically analyse legal and Easy of Doing Business issues that need to be addressed by Oman so that Tanfeeth Diversification Plan can achieve its objectives and succeed in its diversification thrust, as Oman competes with other GCC countries for global investments funds, (Hint: please address Customs clearance turnaround issues, new business formation turnaround issues, cost of new business formation processing fees, bureaucratic issues, red-tape, the One Stop Shop Concept of Investment Processing and tax holidays or tax exemptions). Q3. Breach of contract is a cancer that is giving business people sleepless nights. Critically discuss the kinds of breach that may happen and the remedies for breach of contract under Oman law. Relevant statutes should be quoted to support answers. Use an applied relevant Oman example to demonstrate your answer. Q4. There are minimum wages, minimum age and minimum conditions for employees covered under Oman Labour Law. Critically explain the purpose and objectives of these conditions by government as well as the ethical dimension. Ethics, corporate social responsibility and corporate governance create the human face of organisations. Critically explain these concepts and use an applied Oman company example to support your answer for clarity and objectivity. Q5. Pollution has made life dangerous, risky and a threat to the human race, hence tough government regulations and penalties for pollution. If unregulated society is unethical. Critically explain how and why the Oman Government is regulating:- (a) Marine pollution quoting relevant Royal Decree; (6 marks) (b) Air pollution quoting relevant Royal Decree; and finally (6 marks) (c) Noise pollution quoting relevant Royal Decree