In Guz v. Bechtel National, Guz was fired by Bechtel after 22 years of service. The company eliminated his position despite his good performance and no financial problems in the company. The California high court held that Guz could:
a. sue on the basis of breach of an implied contract to be terminated only for good cause b. sue for breach of the implied covenant of good faith and fair dealing
c. sue for managerial negligence
d. sue for breach of his annual employment contract letter e. none of the other choices
e
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Which of the following describes the classification and normal balance of the fees earned account?
A) asset, credit B) liability, credit C) owner's equity, debit D) revenue, credit
Ordinary gains from the sale of fixed assets should be reported in the other income section of the income statement
Indicate whether the statement is true or false
Departmental salary expenses are direct expenses of that department.
Answer the following statement true (T) or false (F)
A swimming pool company has 100,000 labor hours available per summer and with a labor productivity of 5 pools per 6,000 hours
a. How many pools can the company install this summer? b. Suppose the multifactor productivity was one pool per $25,000. How much should the company expect to spend this summer constructing the pools?