Reference no: EM132106729

1. Martin was a professor of chemistry at Podunk State University;

He had been awarded tenure in 1999. He was the most recently hired professor of chemistry at Podunk. During a period of deep recession, the legislature and governor cut the University’s budget by 15%. The only way to make such cuts was by reducing the size of the University payroll. The president of the University terminated the employment of 10% of the professors in each department. There were 20 professors in the chemistry department; the president terminated Martin and Camille. (Camille had received tenure in 1998.)

a. Since Martin has tenure his employment cannot under any circumstances be terminated.

b. The University had the power to terminate Martin’s employment.

c. The University can terminate Martin’s employment only if it can show good personal cause for such termination.

d. Under the circumstances of this case, the University did not have the power to terminate Martin’s employment.

e. None of the above answers is correct.

2. Cora Laytins listed her home with Broker Sherry James. Shortly thereafter, Laytin phones James to withdraw the exclusive-right-to-sell listing. A week later, Layton sold her home to her neighbor for a higher price than that of the listing. In this case, which of the following is true?

a. If the seller withdraws the listing before the broker has spent money or time on it, the seller is not liable to the broker for damages.

b. The seller has the right to terminate the listing at any time without being liable for damages?

c. Under an exclusive-right-to-sell listing, the broker is still entitled to a commission.

d. The broker is not entitled to a commission because the seller obtained a better price than she would have received through the broker's efforts.