Was there a binding contract

Assignment Help Business Economics
Reference no: EM131202050

The B.F. Goodrich Co. decided to close one of its plants. It offered to pay a 10% bonus to any employee who continued to work in the plant until it closed. Maude Miami was employed at the existing plant; she knew of the bonus offer, and she continued to work at the plant until it was closed. When it shut down, she requested the bonus. Goodrich refused to pay her the bonus, and she brought suit. Was there a binding contract? Discuss.

Reference no: EM131202050

Questions Cloud

Massive sell–off in its stock market plus : In recent weeks markets around the world have been rattled by signs of a slowdown in growth of the Chinese economy, together with a massive sell–off in its stock market… plus a massive default by Greece on its debts to the IMF , the ECB and on its go..
Relationship between price-quantity of televisions supplied : If Caroline's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct (supply schedule, law of supply, or supply curve)  using the data pro..
Was there a binding contract : The B.F. Goodrich Co. decided to close one of its plants. It offered to pay a 10% bonus to any employee who continued to work in the plant until it closed. Maude Miami was employed at the existing plant; she knew of the bonus offer, and she continued..
Likewise the marginal productivity of capital : The Marginal Productivity of Labor (MPL) is defined as dY/dL, meaning it measures how much more output (Y) is produced with one more additional unit of Labor (L). Likewise the Marginal Productivity of Capital (MPK) is defined as dY/dK, meaning it mea..
What factors influenced the failure : Describe a product that entered the market the past two to three years and succeeded and why it succeeded describe a product that has failed in the past five years what factors influenced the failure.
Has grocery store-through its employees-committed a tort : Sara Shopper was buying groceries at Tim's Top-notch Grocery Store. The stock boys were stocking the shelves when they dropped a bottle of catsup. It reminded her of a pool of blood. Being a person who could not stand the sight of blood, she fainted ..
Show the amount the united states will export and import : Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United States has 30 workers and..

Reviews

Write a Review

Business Economics Questions & Answers

  What would happens when the price of the ice cream decrease

Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.

  Cost to purchase a new piece of production equipment

You have been asked by your boss to estimate the cost to purchase a new piece of production equipment. The company purchased this same type of equipment in the past for $15,000. The original equipment had a capacity of 2,000 units, while the new equi..

  Who is in favor of net neutrality

Who is in favor of net neutrality? What reasons do they offer for this position? What legal challenges are critics making against the FCC's rules? What three approaches are they taking? Which is likely to succeed?

  Real exchange rate-market basket of goods and services

A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. The real exchange rate now if today’s price index in both countries is 100?

  Suppose a firm has an annual budget of 100000 in wages and

suppose a firm has an annual budget of 100000 in wages and salaries 50000 in materials 20000 in new equipment 10000 in

  Elucidate the effect of capital formation by compering

Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation

  What are the implications of other nations acquiring

What are the implications of other nations acquiring a large amount of U.S. Treasury bills on the U.S. exchange rates?

  Should company implement new rate

Traffic manager of Monarch Electric Company has just received a rate reduction offer from a trucking company for shipment of fractional horse power motors to company's field warehouse. Should company implement new rate.

  Demonstrate graphically how the price of land is determined

Demonstrate graphically how the price of land is determined. Show the effect of a tax on that land. Explain why that tax won’t cause the price of land to rise.

  Do you agree or disagree with monopoly of pareto-efficient

Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.

  Deflationary gap in the economy

The government plans to rise state spending by $2bn in the next fiscal year.

  Explain how premium business models work

Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).

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