What might be the basis of the claim for wrongful dismissal

Assignment Help Financial Management
Reference no: EM132042820

A bank embarked on a recruitment campaign of university graduates, and Francis, a recent graduate applied for a position. Francis was interviewed by the bank, and following the interview, the bank offered Francis a position by letter which set out a salary, and a starting date. Francis accepted the position by return mail.

A few days after Francis began work for the bank, he was called into the Manager’s office and presented with an employment contract that contained a confidentiality clause, and a proviso that either party could terminate the contract on three month’s notice, or in the case of the bank, payment of three month’s salary and accrued benefits. Francis signed the agreement.

Francis worked for the bank for almost fifteen years, moving from the position of trainee through various promotions to the position of Branch Manager of a small branch of the bank. Some month’s later, he had a disagreement with the Regional office of the bank over the quality of certain loans he had made to local businesses, and his employment was terminated. On termination, he was paid three month’s salary and his accrued benefits.

A week later, Francis instituted legal proceedings against the bank for wrongful dismissal.

Question: What might be the basis of the claim for wrongful dismissal? What likely response would the bank make to his claim?

Reference no: EM132042820

Questions Cloud

Comparing the firm performance relative to its competitors : How does this calculation compare with a ratio analysis comparing the firm’s performance relative to its competitors?
What is the minimum acceptable price : For Company A, what is the minimum acceptable price of this one-time-only special order. How would the analysis differ if there was limited capacity
Discuss the local target or walmart : ISSC 386: Apply the same green IT strategies and applications to a big box retailer or similar type of building or small group of clustered buildings.
What is your opinion on the validity of the capm : What is your opinion on the validity and efficiency of the Capital Asset Pricing Model (CAPM). Please cite a few sources as well.
What might be the basis of the claim for wrongful dismissal : What might be the basis of the claim for wrongful dismissal? What likely response would the bank make to his claim?
Pick a few main differences to discuss : Pick a few main differences to discuss. What do you think you would like best about being the opposite gender? What do you think you would like least?
Position to deal with money laundering than FINTRAC : Do you think law societies are in a better position to deal with money laundering than FINTRAC?
How much of the gain should be allocated to each partner : When the land is sold, how much of the gain should be allocated to each partner of GSS Partnership if Sam and Steve are each 30 partners
Lead to arguments or hurting ones feeling : According to Stewart (2014) "Expressing yourself well in a difficult conversation has nothing to do with how big your vocabulary is or how eloquent or quick

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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