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tigry1 [53]
3 years ago
9

Schwartz, Inc. is looking to hire one of the many outstanding students from the Management 212 class. On January 1, 2021, Schwar

tz, Inc. and Johnny enter into an oral employment contract where Johnny will begin work after his graduation in May 2021. The contract calls for Johnny to begin work on June 1, 2021 and work until February 28, 2022. Prior to Johnny's graduation day, Schwartz changes his mind and tells Johnny he will not be working at Schwartz, Inc. Schwartz decides that he can get a graduate from an Austin-based school at half the salary. Is this contract voidable by Schwartz, Inc. and explain why or why not?
Business
1 answer:
ch4aika [34]3 years ago
8 0

Answer:

Oral Employment Contract

We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.

We can argue that the contract is voidable by Schwartz because it was an oral contract.  The protections accorded a written contract are missing.  And the conditions for voiding the contract are not clearly enumerated as in a written contract.

The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.

Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.

Explanation:

But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable.  Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result.  Contracts require legal reasons for voiding them.

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In the AS/AD model, as the price level falls, the holders of money become richer and buy more. This is one reason why the aggreg
ioda

Answer:

True

Explanation:

The statement is true.

Suppose a consumer purchases a bundle of goods, say 40 units with his given money income of $1000.

Now, if there is a fall in the price level of the goods then this will increase the purchasing power of the consumer and hence he will be able to buy more quantity of goods, say 60 units with the same level of money income i.e $1,000.

This illustrates that as the price level falls, the purchasing power of the consumer increases or we can say that holders of money become richer.

4 0
3 years ago
Question 3 Resonant leaders create relationships in which those involved experience the following conditions. (Select the answer
cupoosta [38]

The exception to how a Resonant leaders create relationships in which those involved experience as the following conditions is Creation of Fear.

<h3>Who is a Resonant leaders?</h3>

Basically, the Resonance refers to the act of reinforcing sound by moving on the same wavelength. A resonant leaders means the leader that drive an emotions positive and bringing out the best in the follower.

For instance, when two people are on the same wavelength emotionally; the more resonant people are with each other, the less static are their interactions and resonance minimizes the noise in the system

Hence, a Resonant leaders brings Hope, purpose or vision Mindfulness Compassion and Playfulness.

Therefore, the Option D is correct.

Missing options "Hope, purpose or vision Mindfulness Compassion Playfulness Fear"

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6 0
2 years ago
Which of the following schools is least likely to receive state tax dollars? A. Liberty Baptist University
bagirrra123 [75]
The least likely to receive tax dollars is Liberty Baptist University because of its religious beliefs.
7 0
3 years ago
If the economy were encountering a severe recession, proper monetary and fiscal policies would call for:
Alexxx [7]
For purchasing government securities, diminishing the save proportion, lessening the markdown rate, and a budgetary deficiency. The Economic recession is a time of general monetary decrease and is normally joined by a drop in the share trading system, an expansion in joblessness, and a decrease in the lodging market. For the most part, a retreat is less extreme than a wretchedness.
4 0
3 years ago
Barney decides to quit his job as a corporate accountant, which pays $10 890 a month, and goes into business for himself as a ce
mash [69]

Answer:

a. Barney's monthly explicit costs: $161;

b. Barney's monthly implicit costs: $11,816;

c. Barney's monthly economic costs: $11,977

Explanation:

a.

Barney's monthly explicit costs include any costs that he actually paid extra every month as the result from running his business including: cost of office supplies + cost of electricity bill = $71 + $90 = $161

b.

Barney's monthly implicit costs include any cost that he does not actually pay extra, yet he has to sacrifice these income as the results of running his business which includes: Cost related to his salary sacrifice + Cost related to his apartment rental = 10,890 + 926 = $11,816

c. Barney's monthly economic costs = Barney's monthly explicit costs + Barney's monthly implicit costs = $11,977

7 0
3 years ago
Read 2 more answers
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