Reference no: EM131622796
The following questions have multiple parts: they require an answer and an explanation of your answer.
1. S calls B and says, "I will sell my 1966 Mustang convertible to you for $3,000." B knows that the car is worth $4,000. B replies, "Would that include the trunk-mounted spare tire?" S hangs up without a word. B calls back in three days and says, "I'll buy the car for $3,000."
Is there a contract? Why or why not?
2. Penny found a wallet on a city street; looked inside to determine its owner and returned it to its true owner, Richard. A few days later she found out that Richard had offered a reward in the amount of $100 for the return of the wallet. She asks Richard for the reward money, but he refuses.
Is Penny entitled to the reward? Why or why not?
3. Jack is an accountant who works for the firm of Readum& Weep. Jack was approached by ImaPhool, who represents one of Readum's competitors, Numbers R Us. Jack was offered a substantial raise to leave his company and work for Numbers. When Jack's boss heard this he called him in and said, "If you agree to stay with us for at least five years, I promise that next year you will receive a promotion with a 50% raise, and a 5- year contract." Jack turned down the offer and stayed with Readum. Nine months later Jack was dismissed due to corporate downsizing.
Can Jack legally enforce his boss's promise? What theory or theories would Jack use? What defense(s) will the employer raise?
|
Define the management teams
: How will you communicate your message to the management teams
|
|
What is the total tax that must be deposited by hughes
: Hughes' Trailer Manufacturer makes utility trailers and has seven employees who are paid weekly. For one payroll period the withholding tax for all employees.
|
|
Principles in the aicpa cpc
: What do you assess to be the primary purpose of each of the 6 principles.
|
|
Calculate the amount of withholding tax
: Heaven Sent Gifts, a small business that provides custom meals, flowers, and other specialty gifts, has three employees who are paid weekly.
|
|
Discuss is penny entitled to the reward
: determine its owner and returned it to its true owner, Richard. A few days later she found out that Richard had offered a reward in the amount
|
|
Explain the contents of your chart
: Create a cover page containing 1-2 paragraphs that explain the contents of your chart and how to read and use it.
|
|
What is his pay each payroll period
: Brian Williams is a salaried employee who earns $95,256 and is paid monthly. What is his pay each payroll period?
|
|
Does darrells behavior with the female teller constitute
: Does Darrell's behavior with the female teller constitute sexual harassment, and if yes, what type? Darrell contends the termination was because of his race.
|
|
Why cohen chose this quote from johnson to end this piece
: "If you're wealthy and want to have fun, you go on vacation... But if you're poor and want to celebrate, you go down to the corner and buy an ice-cream cake."
|