Case 4 Suhail owns a multinational company that exports bags and shoes to various countries. Suhail enters into a contract with Tariq to do husiness in Oman. Suhail has given misleading statement of facts during negotiations of the contract and this has influenced Tariq to enter into this contract. Question a. Is the contract in this case enforceable by law? Explain why or why not? b. If Tariq repudiates this contract in the court of law, what type of contract is it?
Case 4 Suhail owns a multinational company that exports bags and shoes to various countries. Suhail enters into a contract with Tariq to do husiness in Oman. Suhail has given misleading statement of facts during negotiations of the contract and this has influenced Tariq to enter into this contract. Question a. Is the contract in this case enforceable by law? Explain why or why not? b. If Tariq repudiates this contract in the court of law, what type of contract is it?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Case 4 Suhail owns a multinational company that exports bags and shoes to various countries. Suhail enters into a contract with Tariq to do husiness in Oman. Suhail has given misleading statement of facts during negotiations of the contract and this has influenced Tariq to enter into this contract. Question a. Is the contract in this case enforceable by law? Explain why or why not? b. If Tariq repudiates this contract in the court of law, what type of contract is it?
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