Gianni hires Dolton to work as his driver with an annual salary of $100,000 for the rest of Dolton's life. After two years, Gianni decides to fire Dolton. Dolton claims they have a valid contract, but Gianni says it is barred by the statute of frauds because they never put anything in writing. Who is correct?
(A) Dolton, because the contract can be completed in one year because Dolton could die within a year of the contract's creation.
(B) Dolton because, even though the contract was not completed within one year, public policy does not support lifetime employment contracts that are not in writing.
(C) Gianni, because Dolton did not die during the year after the contract's creation.
(D) Gianni, because the contract cannot be completed in one year.
(E) Gianni, because Gianni did not sign any agreement and he is the party being charged.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gianni hires Dolton to work as his driver with an annual salary of $100,000 for the rest of Dolton's life. After two years, Gianni decides ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Prior to opening her new restaurant, nia is determining what items to offer on the menu, the anticipated profits and expenses, the tasks of various employees, and how those jobs will be handled. nia is creating her
Answers (1)
WRT, a calendar year S corporation, has 100 shares of outstanding stock. At the beginning of the year, Mr. Wallace owned all 100 shares. On September 30, he gave 25 shares to his brother and 40 shares to his daughter.
Answers (1)
Banks primarily use the money in savings accounts to O pay Federal Deposit Insurance Corporation (FDIC) premiums. O pay for community improvements. O issue municipal bonds. provide loans to consumers.
Answers (1)
Briefly describe the trade-offs involved in the following decision. Specifically, what are the opportunity costs associated with the decision? Pay particular attention to the trade-offs between present and future consumption.
Answers (1)
A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, and organizations that specialize in handling sensitive and difficult decisions. A. True B. False
Answers (1)
New Questions in Business
Consider once again the project with the cash flows described below. Determine whether this is a simple or non - simple investment AND how many possible values of i * exist using the Accumulated Cash Flow Sign Test.
Answers (1)
Which of the following goods best fit the characteristics of a private good? a. national defense b. fire protection c. an ice-cream cone d. a professor giving a lecture in a large classroom e. disease prevention
Answers (1)
Zwick Company bought 26,500 shares of the voting common stock of Handy Corporation in January 2018. In December, Handy announced $ 205,200 net income for 2018 and declared and paid a cash dividend of $ 6 per share on all 203,000 shares of its
Answers (1)
Movie studios use market research to reduce their risk of losses by hiring firms such as the National Research Group to conduct test screenings and tracking studies.
Answers (1)
The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups.
Answers (1)