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tigry1 [53]
2 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]2 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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Answer:

Hence, the annual operating cash flow is:  $44860

Explanation:

                                 Year 0    Year 1

Initital investment    

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variable costs                       ($140,000)

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5 0
3 years ago
Graphically, the full-employment, stable-inflation, rapid-growth economy of the last half of the 1990s is depicted by a?
Mamont248 [21]

Graphically, the full-employment, stable-inflation, rapid-growth economy of the last half of the 1990s is depicted by a rightward shift of the aggregate demand curve along a fixed aggregate supply curve.

An economy is a place of manufacturing, distribution, and change, as well as consumption of goods and services. In preferred, it's miles described as a social domain that emphasizes the practices, discourses, and cloth expressions related to the production, use, and management of scarce assets.

An economy is the massive set of inter-associated production and consumption sports that are useful resources in determining how scarce sources are allotted. In a financial system, the manufacturing and intake of products and services are used to fulfill the wishes of these living and working within it.

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1 year ago
6. In 2008, the exchange rate between the US dollar and New Zealand dollar was NZ$1.71/$; in 2009, the exchange rate between the
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Answer:

No, a currency carry trade with positive profit can not be conducted.

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The currency carry trade is the trading strategy where investor funding from lower-yield currency to invest in higher-yield currency with expectation to earn positive profit from the yield differences between the two currencies.

However, this strategy only works when the difference is big enough to compensate for the depreciation ( if any) of the higher-yield currency against the lower-yield currency.

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