Homework
COLLEGE OF BANKING AND FINANCIAL STUDIES
DEPARTMENT OF UNDERGRADUATE STUDIES
B.Sc. in Accounting, Auditing and Finance and
Bachelor’s in Business Administration
INDIVIDUAL ASSIGNMENT BRIEF -1
Assessment Component: 50 Marks
Student Name
Student ID
Semester
02
Summer 2020
Assignment Title
Assignment 1
UG090 OBL -Omani Business Law
Assessors:
Joyce Noronha
Start Date:
23.07.2020
Internal Verifier
Ms Sona
Due Date:
Formative: 8.08.2020
Summative:13.08.2020
Required Work, Format and Grading
You must submit the assignment by the due date
Resources:
You should apply provisions of relevant laws while providing advice.
You can access the Internet to research about the. You should demonstrate good academic practice by the appropriate use of academic texts and journals that are properly referenced.
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Guidelines and further information about assignment: |
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If the turnitin report generated indicates a similarity index of 20% or more, a review of your assignment is necessary to reduce the same to less than 20%. |
The user ID and Password for submitting the soft copy of the assignment through TURNITIN is as follows:
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Class ID: |
25522381 |
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Enrolment Password: |
UG090 |
Submission time and date
Make sure that all the relevant details are complete. Assignments must be submitted by the due date. Assignments not submitted on or before the due date will not be assessed.
Plagiarism Writing
Summary
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer but fail to state where you got the material. You need to be also very careful about the amount of words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will be punished when caught.
4. Punishments for committing plagiarism can be very severe.
Details
Plagiarism is a form of cheating in which students use the work of others and present it as their own. It may include all or any one of the following
1. Copying extensively from the work of others (from sources such as books, magazines, journal, websites etc.) and submit the work as your own.
2. Copying another students’ work and submit it for assessment under your own name.
3. Allowing students to copy your work and then submit it for assessment under their own name.
What happens if you are caught?
The examining body of CBFS may punish offending students in any manner that they deem fit. Typical punishments may range from reduction in grades, making students re-sit modules and even failing students on a module or an entire award. The college considers this form of cheating as a serious offence. Therefore, be forewarned!
The assignment makes up 50% of the student’s final marks for the module
Word limit: Maximum 2000 words only.
Part I: Vocational Scenario : 2 TASKS : TOTAL 2
6
MARKS
Task 1: Based on Tort Law: 16 marks
Safiya was a learner driver. She was taking lessons from a licensed trainer Munira & Company Trainers. Munira the trainer accompanying Safiya checked and confirmed that Safiya’s insurance covered her for passengers before agreeing to start to her first training session.
During one of the lessons Safiya lost control while trying to take a turn. Munira told her to straighten the wheel but Safiya panicked and failed to do as asked. She approached the pavement and Munira grabbed the handbrake and tried to straighten the wheel, but it was too late. She mounted the pavement and hit a lamp post. Munira sustained injuries which included a fracture in her right leg and Scrapes and Cuts some serious and some minor. She also broke her GUCCI eyeglasses and lost her Rolex make wristwatch. Munira was hospitalized for 10 days.
When she returned from the hospital, she realized that 10 of her trainees had left and joined her competitor. Munira was planning to add two more cars to her fleet as she had submitted her bid for a government training contract. Munira had to delay her decision. Apart from Munira there were 65 other bidders. Based on the sequence of events described in the above scenario, answer the following questions:
1. By using relevant law to support your answer explain whether Munira can sue Safiya? Assuming that, Munira has a valid claim against Safiya advise her on the determination of her damages. You may use relevant case law to support your answer (1mark + 4 marks = 5 Marks)
2. Explains the elements of negligence Munira will have to prove while making a claim against Safiya (You may use relevant case law to support your answer. (6 marks)
3.Explain the defenses available to Safiya if she decides to defend herself against Munira’s claim. You may use relevant case law to support your answer. (5 marks)
Task 2: Based on Contract Law: 10 Marks
Superstrong Petroleum Products SAOC Wholesalers of petroleum & petroleum products, including racing fuels, oils & lubricants & specialty chemicals were the regular suppliers oils and lubricants to SafePackaging LLC, a manufacturer of duplex cartons operating from the Rusayl Industrial Estate.
The two companies had been dealing with each other since 1996 on an informal basis with no written contract. In January 2018, the parties agreed that it would be wise to have a formal contract written. Accordingly, Superstrong Petroleum Products SAOC drew up a draft contract and sent it to the SafePackaging LLC. SafePackaging LLC made some minor amendments and filled in some blanks and sent it back to Superstrong Petroleum Products SAOC. Superstrong then simply filed the document and never communicated their acceptance to the contract. Throughout this period the claimants continued to supply the coal. Subsequently a dispute arose in December 2019. Safepackaging refused to settle an invoice amounting to OMR 65,000 claiming that the Superstrong had charged more than the contracted price. They also claimed that there was no contract between the parties.
You are required to advice Superstrong on the validity of the written agreement between the two parties.
Part II : 2 Questions : 24 Marks
Question I: Based on Taxation Law of Oman: 10 marks
“Traditionally, double tax treaties (DTTs) served as an important policy tool to promote international economic activity by preventing international double taxation. However, despite the growing number of contributions, the empirical evidence on the effects of double tax treaties on bilateral FDI remains inconclusive.”
With reference to the above statement critically evaluate the significance of double tax treaties (double taxation avoidance agreements) to developing countries.
Question 2: Based on The Foreign Capital Investment Law of Oman: 14 marks
RightAdvice Legal consultancy is a reputed advisory firm based in Oman with presence in the GCC. You are a trainee with the firm. Imad one of the senior partners has asked you to prepare a report based on the writeup given below:
Deep Sea Fisheries and Processors a Denmark based business House is interested in establishing its footprints in Oman. The group has a global presence including the MENA region. The group is interested in engaging in aqua farming and vertical farming in Oman. The Company has approached your firm for advice and guidance.
Your report should focus on the following topics
Task 1: Explore the possibility of starting a business in Oman
with or without an Omani partner.
You must explain the relevant provisions of Foreign Capital Investment Law to support your advice. ( 6 Marks)
Task 2: The Government of Oman is providing several incentives to encourage multinational companies to invest in Oman. You are required to identify these incentives and advise Deep Sea Fisheries and Processors on how they can benefit from them. (4 Marks)
Task 3: There are many forms of business structures which Foreign Companies can use to start operations in Oman. As Brogan’s legal consultant you must recommend to them a suitable form of business organization. (4 Marks)
For information on aqua farming you may read the articles available on the link given below
Aqua farming proving a hit in Oman
Has gained traction in recent times, but it is a very ancient farming technique
Published: July 13, 2020 16:17
https://gulfnews.com/world/gulf/oman/aqua-farming-proving-a-hit-in-oman-1.72567660
Vertical Farming: The Next Frontier in Food Production?
Requirements
1. Detailed guidelines on references and bibliographies are available on the Front Sheet. You are strongly encouraged to familiarise yourself with this prior to completing your assignment. Failure to include proper references will result a deduction of marks.
2. NAMING YOUR FILE: The file you upload on turnitin
MUST
be labelled as below:
OBL ST0 your ID
PLEASE ENSURE THAT ALL YOUR STUDENT NUMBERS ARE LISTED AT THE TOP OF THE ASSIGNMENT. YOUR WORK WILL NOT BE ASSESSED IF NAMES AND STUDENT NUMBERS OF ALL GROUP MEMBERS ARE NOT INCLUDED ON THE COVER SHEET OF YOUR SUBMISSION.
Student declaration:
We agree and certify that we have researched and prepared the work contained in this assignment.
Signature: __________________________ Date: _______________
END OF ASSIGNMENT
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