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?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter9: Deductions: Employee And Self-employed-related Expenses

Section: Chapter Questions

Problem 33P

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Case 3 Khalid is the owner of many buildings and hotels. Since he was a minor, his mother was his legally appointed guardian. Khalid convinced Musallam and Musallam gave him loan of 10,000 OMR with 12% interest. The loan was taken by way of mortgaging one of his property. Musallam gave 5000 OMR as advance, Khalid's mother informed Musallam that anybody who would get into an agreement with him would do so at his own risk. After knowing this, Musallam wants to get the advance he has given. Questions a. Is Khalid bound to give the money back to Musallam? Why or why not? b. Is the contract in this case enforceable by law? Explain why or why not?
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E 4 One and Joel are partners in an accounting firm. Joel traveled abroad for medical reasons for a year, leaving One in charge of their business. While Joel was away, One hired Nonsikelelo to be office administrator at a salary of P48,000 per annum. Upon returning, Joel discovered that Nonsikelelo’ssalary had not been paid regularly and she was owed P20,000. Joel told Nonsikelelo that One had no authority to hire her and that her contract was rendered void. He mentioned that he was not liable under the contract. a. Explain whether One had authority to hire Nonsikelelo in Joel’s absence. b. Discuss the term liability and state whether Joel is liable to Nonsikelelo in terms of the outstanding salary.
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14. Carla is not happy with her present job, she resigned and started her own business. The business requires her to travel so she used her car for the purpose. Assume that A started her business on April 1 and that the uses the car for business 70% of the time. Assuming total expenses for the year for the use of the car is P300,000, the deductible expense is:* a. 210,000 b. 225,000 c. 300,000 d. 157,500
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