Q3: Case 3 Mr. Salim is working with Omantel company. Mr. Ali is also working with same company and he is the subordinate of Mr. Salim. Mr. Salim wants to sell his blue car at 5000 OMR. He has put an advertisement to sell the car. No one showed any interest to buy the car. So, Mr. Salim forced Mr. Ali to buy the car. Mr. Ali did not want to buy the car at 5000 OMR, but because of Mr. Salim he bought the car. Question a. Is this a valid contract? b. Is this agreement enforceable by law? Explain why or why not?

Q3: Case 3 Mr. Salim is working with Omantel company. Mr. Ali is also working with same company and he is the subordinate of Mr. Salim. Mr. Salim wants to sell his blue car at 5000 OMR. He has put an advertisement to sell the car. No one showed any interest to buy the car. So, Mr. Salim forced Mr. Ali to buy the car. Mr. Ali did not want to buy the car at 5000 OMR, but because of Mr. Salim he bought the car. Question a. Is this a valid contract? b. Is this agreement enforceable by law? Explain why or why not?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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