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Baber the owner of ABC farm, sent one of his employee Aftab in search of his pet horse which had been missing for five days, Baber advertised a reward of Rs. 50000 in a newspaper for anyone who finds his missing horse. Aftab unaware of the newspaper advertisement traced the horse, delivered to horse to the real owner (Baber). Aftab Claimed reward from Baber. (5)
? Name the type of contract according to Enforceability. Explanation is not required.
? Name the type of contract according to Formation. Explanation is not required.
? Name the type of contract according to Performance. Explanation is not required.
? Name the type of contract according to Parties. Explanation is not required.
? State whether Aftab would be able to claim the amount of reward under the above given situation. Comment.
? What will be the situation when your answer would be reverse with reference (e)
Q#2 X, Broker of Karachi wrote to Y, a merchant of Lahore stating the terms on which he is willing to do business. (5)
? Name the type of contract according to Enforceability. Explanation is not required.
? Name the type of contract according to Formation. Explanation is not required.
? Name the type of contract according to Performance. Explanation is not required.
? Name the type of contract according to Parties. Explanation is not required.
 
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Highland Handbag sells a stylish bag made from bamboo. Highland has been selling 27,000 of these bamboo bags per year, at a selling price of $47.84. Highland has been obtaining these bagts at a variable cost of $29.80 each, but supply chain problems mean that variable cost is about to go up by $6.54 per unit. In response, Highland Handbag plans to raise the bamboo bag’s selling price by $9.46 per unit. What is the PERCENT CHANGE IN QUANTITY such that Highland will JUST BREAK EVEN on these changes in price and variable cost? Be sure to use the correct sign. (Report your answer as a percent. Report 25.5%, for example, as “25.5.” Rounding: tenth of a percent.)
 
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The buyer at Jackson Enterprises purchases brackets for a high production item. The annual demand is about 3500 units. The following price structure was offered to the buyer: Purchase size: less than 100 = $80, 100 up to 250 = $76., over 250 = 73.00.

The inventory carrying cost rate is 30% and each purchase order costs $100. Which of the following statements is true? The order size of 170 units is feasible at a price of $80 The order size of 178 units is feasible at a price of $73 The lowest total cost is using an order size of 175 at a price of $76. The lowest total cost is using an order size of 201 at a price of $73.

 
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In 2018, Ms. Elizabeth Holmes and Mr. Ramesh Balwani, her onetime business and romantic partner, were indicted with 12 counts of wire fraud and conspiracy to commit wire fraud. According to federal prosecutors, Ms. Holmes and Mr. Balwani misrepresented the abilities of Theranos’s technology and the company’s business performance to investors. Both have pleaded not guilty. Ms. Holmes’s trial, in federal court in San Jose, Calif., began just a month after she gave birth to a son, but more than three years after Theranos was dissolved and six years after The Wall Street Journal first exposed problems with the start-up’s blood tests. The trial is expected to last 13 weeks and potentially feature as witnesses high-profile ex-board members and investors such as former Secretary of State Henry Kissinger and the media mogul Rupert Murdoch. If convicted, Ms. Holmes, 37, faces up to 20 years in prison. Mr. Balwani’s trial is slated to start in January.

1. a. Find what role Ms. Holmes played for Theranos, her company. How could she have
found Theranos? What was the most appealing incentive that their shareholders decide
to invest in Theranos? Why were Ms. Holmes and Mr. Balwani indicted? (State your
sources of information at the end of your answer.)

b. Did Theranos have agency problems, which might be caused by different incentive between
shareholders and the managerial? Why or why not? Justify your answer by providing
evidence and state the sources of the evidence.

 
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