TASK-A I. Answer the following questions briefly. (20 Marks) 1. One person wants to start a business in Oman with capital of 2000(OMR). Which forms of business or business he can start what will be his liability for debts in that business.(5 marks) 2. 50 Omanis want to form a company with a minimum total capital of 20000 (OMR), wherein all want to have limited liability. Which type of company they can form, explain? (5 marks) 3. Abdullah invites Mohammed to dinner at his house on Friday, Mohammed hires a taxi and reaches Abdullah's house at the fixed time, but Abdullah fails to perform his promise and did not arrange the dinner. Can Mohammed recover any damages(losses) from Abdullah for not performing his promise?(3 marks) (YES OR NO-why?) 4. Mr.Salem was foreed to enter into a contract to sell his car at the point of gun by Mr.Hamed. Is this a valid contract. (YES OR NO- why?) (2 marks) 5. Mr. Yusuf orally engages Mr. Ahmed for a work and promises to pay him 10 Riyals, if Mr. Ahmed completes the work, Ahmed agrees for it. Is this a valid contract, explain?(2 marks) 6. Mr. Ali without saying anything or without asking anything, takes a water bottle from the refrigerator(fridge) of the canteen and drinks the water, should he pay the price for water. Is there any contract, if so which type of contract it is. How it is formed. (marks 3) TASK-B II. Identify the different forms(types) of commercial companies(businesses) in Oman as per Oman commercial companies and explain each of them briefly in 10 lines (maximum). You can refer to Oman commercial Companies Law, to answer this question (Link is provided in Moodle under chapter-5). (10 Marks) END OF ASSIGNMENT Page 5 of 6