Farkas rights concerning his employment termination

Assignment Help Microeconomics
Reference no: EM13724671

On June 1, 2014, Newman, owner of H & H Bagels, met with Abe Farkas in his office to discuss the possibility of Farkas working at H & H. Newman told Farkas that if Farkas accepted a job offer, Newman would guarantee him three years of employment so long as he performed competently as a bagel baker. Five other H & H employees were present to hear this conversation. Farkas replied that if Newman gave him a letter detailing his duties, he would accept a position at H & H. On June 2, 2014, Newman sent the following letter to Farkas:

Dear Mr. Farkas:

H & H offers you the position as associate bagel baker at a salary of $30,000 per year. Aside from a one week unpaid vacation, you will receive no other benefits. Please call to confirm your decision. You will become a proud member of the H & H team. Sincerely,
Newman (signature)

Farkas called Newman on June 7, 2014, and said he wanted to begin working at H & H. Farkas began work there on June 14, 2014.

On July 7, 2014, Farkas baked an incredible 700 bagels in 20 minutes, much to the amazement of Newman and other employees. In response, Newman said to Farkas, 'that's awesome! give you a bonus of $50 in your next paycheck for doing that. And

If you can bake another batch of 700 bagels within 20 minute, within the next two years , I will give you a bonus of $100." Farkas, expecting to see the extra $50 in his next paycheck, purchased a commando 8 air conditioner for $30 at Leo's store. Leo has a policy &goods being non returnable. On July 10, 2010, Farkas baked 900 bagels in twenty minutes.

On Septernher 5, 2010, fakas asked Newman to pay him both bonuses. NeWMan refused, and when Farkas again in a quiet manner asked for the bonuses, Newman terminated Farkas from employment at H & H. Newman has not paid Farkas either bonus.

Farkas seeks your advice. Provide honest advice to Farkas concerning the issues below on his chances of success by finding and discussing all legal issues:

1. The enforceability of the promise of the $50 bonus.

2. enforceabilityability of the $100 bonus.

3. Farkas' rights concerning his employment termination.

Reference no: EM13724671

Questions Cloud

Project management methodologies : Your IT department just hired a new CIO. One of the first things she notices is that department is very unorganized when it comes to running projects. The problem: everybody does their own thing so there is no consistency in the reports she rec..
What can we assume about work of art without such knowledge : What can we assume about a work of art without such knowledge? Looking at a work of art such as the Taj Mahal, which is the world's most recognized building
What is the retailer markup in dollars : The usual retail price of an item is $100. The manufacturer's cost to produce the item is $40. Retailers take a 50 percent markup and wholesalers take a 10 percent markup, What is the retailer's markup in dollars
Forms of cross-border alliances : 1. What are the two-equity based forms of cross-border alliances? Describe each function. 2. Why would a company enter into an international joint venture?
Farkas rights concerning his employment termination : The enforceability of the promise of the $50 bonus and Farkas rights concerning his employment termination.
Determines how the various parts of the distributed system : Compare and contrast at least 3 potential architectures for your system, and then select the one that applies the best to your project. Describe the architecture that is appropriate for your distributed system based on the results of your analysis.
Resource based theory : In the readings for this week we learned that a strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstituble. Southwest Airlines was illustrated as a company that demonstrates these characteristics.
Company may provide to the separated employee : 1.Propose three (3) ways that a manager can cope with any negative emotions that may accompany an employee layoff.  2.Describe a step-by-step process of conducting the dismissal meeting.  3.Determine the compensation that the fictitious company may p..
Research on personally identifiable information : Learn to correctly use the tools and techniques within Word to format a research paper including using Word 2010/2013's citation tools. These skills will be valuable throughout students' academic career. The paper will require a title page, NO a..

Reviews

Write a Review

Microeconomics Questions & Answers

  Examining facts-reversed causality

A hypothetical study examines the operations of a couple of hundreds medical clinics, with the data for amount of expenses for new medical equipment relative to total expenses in particular year(s), and the amount of revenue per physician in subse..

  Discuss the model or economic theory

Conduct a meta-analysis of the author's economic perspective of the issue, provide a brief overview / synopsis of the issue and discuss the model or economic theory that relates to the issue presented in the news article.

  Determine the upper limit to amount firm would bid for

a firm is considering bidding for the franchise to sell lemonade and corndogs at the illinois state fair. it estimates

  A free-market republican argues against the pigouvian tax

A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..

  How does dollar appreciating impact ad sas and lras

a. sketch the aggregate demand short-run aggregate supply and long-run aggregate supply of an economy in long-run

  Graph shows the short-run aggregate supply curve

The following graph shows the short-run aggregate supply curve (), the aggregate demand curve (), and the long-run aggregate supply curve () for a hypothetical economy. Initially, the expected price level is equal to the actual price level, an..

  Suppose that the capital investment of alternative

Suppose that the capital investment of Alternative 1 is known with certainty. By how much would the estimate of capital investment for Alternative 2 have to vary so that the initial decision based on these data would be reversed? The annual MARR is 1..

  Explain the past affect of elasticity of demand for labour

The owners of the copper smelters to operate each smelter longer than has been the practice in the past affect the elasticity of demand for labour in the copper industry.

  An online seller of travel services

An online seller of travel services that generates revenue by charging fees for its services is an example of a Choose one answer.

  What are financial markets and what purposes do they serve

your niece just started her college career with a major in economics. she is curious as to the interrelationship

  Briefly discuss what measuring inequality involves

Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups

  Consumer price index- average annual inflation rate

Normal 0 false false false EN-US X-NONE X-NONE If the year 2006 were used ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd