James Schoenberger interviewed for a position with the Chicago Transit Authority (CTA). He talked with the person who would ultimately be his supervisor, Zu Christian, and was offered a salary of $19,300. Under CTA procedures, only the Placement
Department could give final salary figures. When Placement's figure for Schoenberger was computed, it was lower, and Schoenberger sued for the higher figure. CTA claimed Zu Christian had no authority to offer a particular salary. Discuss the legal issues in the case from both CTA's and Schoenberger's perspectives.
In Schoenberger v. CTA, 405 N.E.2d 1076 (Ill 1980), the court held that there was no apparent authority for Zu Christian because Schoenberger had worked through Placement and had seen the centralized hiring procedures and that Zu Christian did not make the offer.
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The ____________________ method is an inventory valuation method under which inventory is valued at the cost at the time of purchase or the replacement cost, whichever is lowest
Fill in the blank(s) with correct word
In order to measure the carrying value of investments in bonds, which of the following time value of money concepts is used?
A) the present value of an ordinary annuity B) the future value of a single sum C) the future value of an ordinary annuity D) all of these
If an employee who has been with the company for five years discovers that a new coworker in the same position earns a higher salary, he will most likely consider this a failure of ______.
a. interactional justice b. distributive justice c. procedural justice d. informational justice
The United States has a balance of payment deficit. This means:
a. there is more money flowing into the country than out b. there is more money flowing out of the country than in c. there is a trade deficit d. there is a trade surplus e. the United States has a monetary absolute advantage