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steposvetlana [31]
3 years ago
5

James hires Franco for a painting job. Their contract explicitly states that​ Franco's employment can be terminated if he is emp

loyed by another party during the contract period. Two weeks into the​ job, James finds out that Franco is also working for a painting agency two blocks away and terminates his employment. This is an instance of​ ________.
Business
1 answer:
brilliants [131]3 years ago
8 0

Answer: condition subsequent

                                         

Explanation:  A condition subsequent is an incident or set of circumstances that bring something to a conclusion. A subsequent circumstance is being used as a symbol in a legal sense to put an end of one's constitutional rights or responsibilities.

This generally occurs when someone do anything illegal or unethical in the eyes of law. In the given case, Franco got employed by some other party although he had a contract with James that he cannot do that. Hence we can conclude that the given case depicts condition subsequent.

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Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".

<h3>What is economic recession?</h3>

The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."

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