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Semenov [28]
2 years ago
7

Kim hired Gold Contracting to build a pool and a fancy gazebo in her backyard. The plans were complex and required expert workma

nship. After the work was completed, Kim was so pleased that she promised to pay Gold an additional $3,500 performance bonus. Later, when Gold demanded the bonus, Kim refused to pay it. If Gold sues Kim for the money, what will probably happen?
A. Gold will win, because the bonus was adequate consideration and served to entice Gold to do an outstanding job.
B. Kim will win, because the bonus is a reward for work they have already performed, which is past consideration and cannot be used to create a contract.
C. Gold will win, because the bonus is for work they have already performed.
D. Kim will win, because the bonus agreement was not in writing.
Business
1 answer:
Rufina [12.5K]2 years ago
5 0

Answer:

B. Kim will win, because the bonus is a reward for work they have already performed, which is past consideration and cannot be used to create a contract.

Explanation:

In order for a contract to be enforceable, consideration must be exchanged between both parties. In this case, Kim made a promise that included consideration ($3,500) but Gold didn't exchange of give anything back. The swimming pool is already finished and it represents another different contract.

Another example would be a boss telling a subordinate that he/she will receive a bonus for having worked 10 years in the firm. The employee already got paid for working the 10 years, so there is no actual exchange of new consideration.

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6 0
3 years ago
In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a
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Answer:

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The reduction of on the job injuries and illnesses would benefit employers, because they would
marusya05 [52]
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Which of the following should be disclosed by a company providing health care benefits to its retirees? I. The assumed health ca
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3 years ago
Malik Boykin is paid $8.20 per hour. and time and a half for any work over 40 hours
Viefleur [7K]

<u>Pay of Malik Boykin:</u>

Step 1:

Adding the total hours for each week:

Week of 3/10 = 5.5+6+9+12+7 = 39.5

Week of 3/17 = 8+8.5+9+13+4.5+4 = 47

Step 2:

Any sum of 40 hours or less gets multiplied by the hourly salary:

Week of 3/10: 39.5\times\$8.20 = \$323.90 - That's the pay for that week

Week of 3/17: 40\times\$8.20 = \$328

Step 3:

For hours worked over 40 the salary is 1.5 times the normal salary:

\Rightarrow\$8.20\times1.5 = \$12.30

Now multiply the hours over 40 for that week by the time and a half:

\Rightarrow\$12.30\times7 = \$86.10

And adding it to the \$328 we get,

\$328+\$86.10=\$414.10

Therefore,  Week of 3/10: \bold{\$323.90}  and  Week of 3/17: \bold{\$414.10}

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