jnobia108 - Business Law
student.2020
B.Law-FinalAsgnment-V-5.docx
FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020 FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020
V-5
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SALALAH COLLEGE OF TECHNOLOGY |
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DEPARTMENT: BUSINESS SECTION: _Common |
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Final Examination Paper-AssignmentSemester: II A. Y.: 2019/ 2020V - 5 |
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Date: 13th - 15th May 2020 |
Time: 48 hrs (8 am to 8 am) |
Student Name |
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Student ID |
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Specialization |
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Invigilator Signature |
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Serial No. |
Level |
Bachelors |
Course Name |
Business Law |
Course Code |
BALW 4115 |
Section |
01 |
INSTRUCTIONS TO STUDENTS (Note: Additional instructions may be added, if required) |
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· You should send the Assignment in MS Word form only. Font (Letter) size should be 12 and in Times New Roman. Sending in any other form is not accepted (eg:pictures, JPEG image, PDF file etc.) · You should send the final assignment within 48 hours from the time of uploading. Extra time is not allowed. · You are allowed to send the final assignment only ONCE. You are advised to check your assignment before sending. Sending multiple times is not allowed. Only first assignment will be considered for evaluation. · |
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FIRST MARKER |
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SECOND MARKER |
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Question No. |
Max. Marks |
Marks Obtained |
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Question No. |
Max. Marks |
Marks Obtained |
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1 |
10 |
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1 |
10 |
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2 |
10 |
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2 |
10 |
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3 |
10 |
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3 |
10 |
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4 |
10 |
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4 |
10 |
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5 |
10 |
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5 |
10 |
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Total Marks |
50 |
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Total Marks |
50 |
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Total Marks (In words) |
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First Marker : Dr.K.Raghu Ram
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Second Marker:
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Signature:
Date : |
Signature :
Date : |
Students Examination Rules
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On the day of the exam, download the question paper from E-Learning or email. |
في يوم الامتحان ، قم بتنزيل ورقة الأسئلة من منصة التعليم الإلكتروني أو البريد الإلكتروني. |
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Write the answers in separate sheets or in the space provided in the question paper. Answers should be written only in English language except for Arabic courses. |
اكتب الإجابات في أوراق منفصلة أو في المساحة المتوفرة في ورقة الأسئلة. يجب كتابة الإجابات باللغة الإنجليزية فقط باستثناء دورات اللغة العربية. |
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After completing the answers, upload the answer in E learning or send the answers to your respective teacher through email. Use only Word format for sending the answers.
Email ids of the teachers are provided in exam schedule. |
بعد إكمال الإجابات ، قم بتحميل الإجابة على منصة التعلم الإلكتروني أو أرسل الإجابات إلى معلمك الخاص عبر البريد الإلكتروني. استخدم برنامج مايكروسوفت Word فقط لإرسال الإجابات. سيتم كتابة البريد الإلكتروني للمعلمين في جدول الامتحانات. |
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Deduction of marks for late submission will be as follows: 10 % reduction for 1 day of late submission 20 % reduction for 2days of late submission 30 % reduction for 3 days of late submission After the 3rd day, late submissions will not be considered for marking. |
سيكون خصم العلامات للتقديم المتأخر على النحو التالي: 10٪ تخفيض لمدة يوم واحد من التقديم المتأخر 20٪ تخفيض لمدة 2 أيام من التقديم المتأخر 30٪ تخفيض لمدة 3 أيام من التقديم المتأخر بعد اليوم الثالث ، لن يتم النظر في الطلبات المتأخرة لوضع العلامات.
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The answers should of your own work and action will be taken if found copying. |
يجب أن تكون الإجابات من عملك الخاص وسيتم اتخاذ الإجراءات القانونية في حالة الغش. |
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Cheating (copying another student’s work), plagiarism (using another author’s words without crediting the source) will lead to failure of the assignment or test, failure of the course, probation, suspension or expulsion. – (Article 80, 77 (2,3) |
سيؤدي الغش (نسخ عمل طالب آخر) ، أو الانتحال (باستخدام كلمات مؤلف آخر دون ذكر المصدر) إلى الرسوب في الدورة ، أو الاختبار ، أو التعليق ، أو الطرد. - (المواد 80 ، 77 (2 ، 3) |
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Declaration: I hereby declare that this submitted work is the result of my own original work and also I understand that plagiarism is an offense that can lead to disciplinary actions.
إعلان: أقر بموجب هذا أن العمل المقدم هو نتيجة عملي الخاص بي ، كما أفهم أن الانتحال جريمة يمكن أن تؤدي إلى إجراءات تأديبية. |
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Name: Signature: Date:
Answer all the questions in all sections. Each question carries 10 marks.
(5Q * 10M = 50 MARKS)
Question No 1:
a) Executive and Judiciary are the inseparable components of any system of governance. It is possible and in some countries evident, that there can be interdependencies between the two systems of governance. However, ‘Sultanate of Oman’s judicial system is intended to be independent.’ Do you agree with this statement? Examine in depth. (5 marks)
b) Mr.Hamza is a Major working in Royal Army of Oman. He is eligible for next promotion as Lieutenant colonel. However, his junior or same rank is given promotion. Mr.Hamza felt very bad. He wants to go to Administriave court to get his problem solved.
i.) Do you approve the action of Mr.Hamza going to court? Justify your answer. (1+1=2 marks)
ii.) Do you think Mr.Hamza can get solution in Administrative court? Clearly explain the case. (1+1=3 marks)
(Your answer for all the questions above, put together, should be between 300-400 words. At required places, give references for your sources)
Question No 2:
Answer the following questions, which are related to Contract Law.
a) Mr.Faisal purchased a new car. The car seller told that for every liter of petrol, the car will give 15 km mileage. However, when Mr.Faisal started using the car, he understood that it gives a mileage of 13 km per liter. For a layman, misrepresentation and fraud seem to be same.
In this scenario, can we say that there is fraud by the seller? Critically examine the delicate difference between Misrepresentation and Fraud, with different examples to prove the point. (5 Marks)
b) Every contract creates rights and obligations. Is it a rule that always ‘obligations’ should arise out of contracts?
Discuss the above concept clearly along with giving clear examples to prove your point.
(5 marks)
(Your answer for all the questions above, put together, should be between 300-400 words.)
Question No 3:
Answer the following questions, which are related to Oman Labor Law.
a) Mr. Imran was working in Trinity Software LLC in Muscat as a Computer Programmer. His service record shows that he worked in the company from 7th December 2008 till 7th December 2016. At the beginning of his career he was getting a Basic salary and Gross salary of 600 pm and 1000 pm respectively. At the time of leaving the job, his both salaries increased by 20%. After careful examination of Mr.Imran’s service record, Company’s accountant identified that there is a service break. Accountant noticed that there was an unapproved break of exact one year in the service of Mr.Imran after exactly four years from the start of his career with Trinity Software.
You are required to calculate the amount of Gratuity of Mr.Imran.
Show all the steps and calculations clearly. (5 Marks)
b) Mr.Khalid, an employee of a private company met with an accident and had to take sick leave for 70 days. His monthly salary is RO. 988. Mr.Hamdan produced all necessary documents to prove his case.
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Find out how much pay should Mr.Kareem receive for his sick period. Show the calculations with clear steps. (5 Marks)
(Your answer for all the questions above, put together, should be between 300-400 words.)
Question No 4:
Answer the following questions, which are related to Commercial Companies Law of Oman.
Amal, Abeer and Amna are close friends and wanted to start a commercial company. They started their business in 2015 January, with a capital of 20,000 RO. The investment ratio of all the investors was 4/10, 3/10 and 3/10 respectively. They have fixed the profit/loss sharing ratio on the same lines of investment ratio. However, they have agreed that for the debts of the business Amal and Abeer only should take full responsibility.
The financial results of their business for the years 2015, 2016 and 2017 were: (-1200 RO), (2000 RO), and (-800 RO). At the end of 2028 After running their business for four years, they had a total debt of 45000 RO. The three friends decided to close the business.
1. It appears that the three friends started an Oman Public Joint stock company. Is it true? If not true, which is the Commercial Company the three friends started? What kind of liability the friends have chosen? Explain it. Write any three features of the company they started. (2+0.5x3=3.5 Marks)
1. What is the investment of each person in the above named business? (1.5 Marks)
1. With the financial results given, calculate each person’s profit/loss for each year and total profit/loss. (2 Marks)
1. Calculate the share of each business woman in the final debt of their business. (3 Marks)
(Your answer for all the questions above, put together, should be between 300-400 words.)
Question No 5:
Answer the following question, which are related to Commercial Companies Law of Oman.
Jupiter Holding Company is a reputed company in its area of activities. Jupiter has paid-up share capital which is two and half times (2.5 X) more to the capital as prescribed by law as minimum capital and is divided into equal number of shares of RO 1 each. It has five founders. All of them put together, they have minimum shareholding as prescribed by law, and out of that, all have equal shares holding. For want of more funds, the company has taken different steps including inviting subscriptions from public.
Ms.Salma, Ms.Amal and Ms.Wafa are colleagues, working in very profitable company. They all are quite aware of financial markets and have investments in different companies.
All three colleagues made different investments in Jupiter. Ms.Salma purchased few financial instruments, which are having highest risk and at the same time give her control over the affairs of the company. Ms.Amal purchased few financial instruments on which profits are distributed if the company earns sufficient profit but they do not have the right to claim unpaid dividend which could not be paid due to insufficient profit. Ms.Wafa purchased few financial instruments, which are having fixed maturity date and fixed rate of interest.
i) Explain the nature of the Commercial Company involved in the above case, with capital in it. How many shares Jupiter is having? (1.5 Marks)
ii) Clarify the financial instruments Ms.Salma bought. Explain two of its important features. (1+0.5x2=2 Marks)
iii) Elucidate the financial instruments Ms.Amal bought. Explain two of its important features. (1+0.5x2=2 Marks)
iv) Explain the financial instruments Ms.Wafa bought. Explain two of its important features. (1+0.5x2=2 Marks)
v) What is the shareholding of every single founder? (In terms of number of shares and amount) (2.5 Marks)
(Your answer for all the questions above, put together, should be between 300-400 words.)
-----ALL THE BEST-----
FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020 FINALMEXAMINATIONSEMESTER2ACADEMICYEAR2019-2020
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