Question: Part A- True/False Read each statement carefully and determine whether the statement is true or false. Please fill in the answers in the table given

Part A- True/False Read each statement carefully and determine whether the statement is true or false. Please fill in the answers in the table given below by writing True or False in the space provided. (Rubrics: 1 mark each for correct answer, for 12 statements Total 12 marks) Question Answer Question Answer 1 7 2 8 3 9 4 10 5 11 6 12 1/ Buying goods with the intention of reselling them , is considered business act by accessories. 2/ In Oman , the natural resources belong to the private sectors . 3/ Custom is a set of social rules that people used to follow ,because they dont believing that they are obligatory. 4/ The principle of non retroactivity , means that no law may be applied to someones act unless that law was in effect at the time (he /she) did that act . 5/-All persons , entities , except the State , are accountable to law . 6/ All rules must inconsist with the international human rights standers 7/ Business acts are the person's actions which carried out with the intention of speculating even if he is not a trader. 8-Civil acts undertaken by the merchant in connect with his trade will be considered commercial in law . 9/ The historical school jurist belief that the texts have included all the necessary legal rules . 10/ The Omani national economy is based on the principles of a free economy . 11/The administration law is a part of the private law . 12/In Oman , the property of foreigners is protected by their companies .

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!