Case 4 Cameat company is a company in Oman that exports camel meat to various countries. The company enters into a contract with SS trading company to start a new business in Oman. SS trading company has given misleading statement of facts during negotiations of the contract and this has influenced Cameat company to enter into this contract. Question a. If Cameat company repudiates this contract in the court of law, what type of contract is it? b. Is the contract in this case enforceable by law? Explain why or why not?
Case 4 Cameat company is a company in Oman that exports camel meat to various countries. The company enters into a contract with SS trading company to start a new business in Oman. SS trading company has given misleading statement of facts during negotiations of the contract and this has influenced Cameat company to enter into this contract. Question a. If Cameat company repudiates this contract in the court of law, what type of contract is it? b. Is the contract in this case enforceable by law? Explain why or why not?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Case 4
Cameat company is a company in Oman that exports camel meat to various countries. The company enters into a contract with SS trading company to start a new business in Oman. SS trading company has given misleading statement of facts during negotiations of the contract and this has influenced Cameat company to enter into this contract.
Question
a. If Cameat company repudiates this contract in the court of law, what type of contract is it?
b. Is the contract in this case enforceable by law? Explain why or why not?
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