Mr.Ahmed made a written contract with Mr.Hamood, on March 2 nd 2020, promising to
sell 10 computers, for a total price of 2000 (Omani Rials), by 1 st April, 2020. It is also
agreed that if computers are not supplied till 1 st April, 2020, Mr.Ahmed should pay
damages of 500(Omani Rials) to Mr.Hamood.
On 20 th March lockdown declared by government, all businesses are closed till 1 st May
2020, including selling and buying of computers. Due to which Mr.Ahmed could not able
to supply computers on promised date of 1 st April, 2020.

Can Hamood claim for damages for not supplying computers by 1 st April, 2020, on
the ground of breach of contract? (Write yes or no)

Can Ahmed take la pea of discharge of contract Explain?

Explain which type of damages are they?

Explain about specific performance of contract. Can Hamood claim for the relief of
specific performance?

Mr.Ahmed made a written contract with Mr.Hamood, on March 2^nd 2020, promising to sell 10 computers, for a total price of 2000 (Omani Rials), by 1^st April, 2020. It is also agreed that if computers are not supplied till 1^st April, 2020, Mr.Ahmed should pay damages of 500(Omani Rials) to Mr.Hamood.

On 20^th March lockdown declared by government, all businesses are closed till 1^st May 2020, including selling and buying of computers. Due to which Mr.Ahmed could not able to supply computers on promised date of 1^st April, 2020.

1. Can Hamood claim for damages for not supplying computers by 1^st April, 2020, on the ground of breach of contract? (Write yes or no)                                                         

2. Can Ahmed take a plea of discharge of contract. Explain.                      

3. Explain which type of damages are they?                                                  

4. Explain about specific performance of contract. Can Hamood claim for the relief of specific performance?                                                                                                       (2+2=4 Marks)

Identify one (1) Sukuk issues by any company/ government. Explain in detail, include:

a)Sukuk Profile

b)Purpose of the Sukuk

c)Contract involve

d)Performance of the Sukuk

Conduct a descriptive analysis on Shariah Stock Malaysia from November 2010 until May 2020.

a)General/ Overall Performance by year

b)Analysis by sectors over years

In times of a global health crisis, such as what we are living through today, the importance of collective action of a country’s population increases. Those cultures, which value the collective behavior of their population, have fared far better during this pandemic i.e. South Korea, Vietnam.

However, Western-oriented cultures (U.S.) where the population values individualism, challenging authority, and autonomy in decision-making, has led the world in cases of COVID 19. In the U.S., there has been considerable resistance to stay at home and social distance measures.

What we have learned is that the collective behavioral norms of other cultures have benefited them in limiting the cases of COVID 19.

Do you think we (Americans) would be willing to adapt to other cultures’ norms (collective behavior less autonomy) to address the new normal resulting from COVID 19 and the possibility of a second wave of the disease? If not, do you think Americans are willing to accept the consequences (Higher cases and death rates) moving forward?

Calculate Payroll

K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

For hourly employees, overtime is paid for hours worked in excess of 40 hours per week.

For the current pay period, the computer programmer worked 51 hours and the administrator worked 64 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5%.

Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.

Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.

Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.

Consider a closed economy’s money market.

a) Briefly define money supply and explain the measures of M1 and M2. What is a reserve requirement? Write down the formula for the money multiplier.

b) Write down the formula associated with the quantity theory of money. Define all variables and comment how a 10% decrease in money supply would affect the economy using this theory. As a result, how much would the economy’s real GDP change?

Case Analysis:

Valeant Pharmaceuticals is a specialty drug manufacturer operating in the fast-cycle pharmaceutical industry. In this business, size often matters and Valeant, along with most of the major players in the industry, has aggressively utilized mergers and acquisitions to acquire R&D capabilities and other key strategic resources, create synergies, capture market share, and use acquired legacy products to support future growth. Valeant’s 2010 merger with Biovail Corp was designed with all of these benefits in mind. To develop an effective strategic position, Valeant must address several important external factors including the global economy, advances in technology, population demographics and sociocultural influences, and shifting political/legal forces that affect not only the drug approval process but also the changing nature of healthcare. To address these considerations, Valeant must develop strategies in the areas of marketing and sales, product innovation, operational speed and efficiency, and M&A to position itself for future success The purpose of this case study is to determine if the company’s recent merger with Biovail, other M&A’s and restructuring efforts will yield the benefits promised to shareholders and enable the firm to compete more effectively in the marketplace.To reasonably determine the merit of its strategic approach, external environmental trends, competitor positions, financial indicators, internal resources, and company strategies must be considered.The results of the analysis can then be used to suggest measures which can improve Valeant’s strategic position and potential for ongoing success.

Question: Examine trends in the general and industry environments that impact Valeant’s pharmaceutical business.What conditions are pertinent to the strategic decisions presently facing the company?

1. Compared to a competitive firm, monopolies will
   1. Have greater innovation
   2. Have lesser innovation
   3. Have the same amount of innovation
   4. Maximize innovation