Answer all.

After reading this chapter, you should be able to understand the nature and sources of law, and the concept of the rule of law and how it affects business and economic prosperity. At the conclusion of this chapter, you should be able to answer the following questions: 1. What is the law? 2. Where does our law come from? 3. What is a rule of law? 4. How is the law relevant to business? 5. How does the study of the legal environment of business foundation for future business courses

Temple owns a video and photography business. He is a sole proprietor and uses his home as his place of business. His office meets the regular and exclusive use tests. Listed below are items that Temple uses in his business and the business use of each of them. Which item would not qualify as listed property?

a) Video camera - 90%

b) Photographic equipment - 78%

c) Automobile - 45%

d) Home office computer - 100%

1. Buying a certain product or service is not only a selfish, individual decision, but a formal support for a company, its business model, business practices, production strategy, etc." Discuss this statement in the light of the role of the Consumer Protection Authority in Oman, the rights of consumers and the need for a dynamic consumer protection law. You may substantiate your answer by using local, regional, or global examples (20 marks)Question 1 Under the consumer protection legislation, which is not a remedy? ()Refund to the consumer the purchase price if defective goods cannot be repaired within a reasonable time. Consider a contract vold so that the consumer can keep the goods without making any more payments after the seller violates the statute. ) The State Attorney General brings a lawsuit on behalf of injured consumers. All of the above maybe remedies under the consumer protection laws. Moving to another question will save this response.Discuss the political and regulatory environment of business as it relates to the protection of consumers. Name and describe at least two laws that had a major impact on fair competition, consumer protection, or Industry specific regulation.4. Describe the purpose of the Business Practices and Consumer Protection Act See pages 181-182 of the textbook. Ans: Business Practices and Consumer Protection Act states that 5. Consumer Protection BC is a government regulator in BC that applies the Business Practices and Consumer Protection Act. Review the list of topics they cover here: https:/www.consumerprotectionbe.ca/consumer-help/ Choose one of the topics and describe a situation where having knowledge of the relevant consumer protection could have helped you, a friend, or a family member. If you are not located in BC or have not needed consumer protection, then describe a situation where you anticipate having knowledge of the consumer laws of that topic could be of help