A bilateral or a unilateral contract

Assignment Help Project Management

Reference no: EM131274620

AES was formed in 1996, at which time it hired eight employees. At a meeting of these employees in 1997, they expressed concern that the company might not survive, as it was using outdated equipment.

At that meeting, a company executive asked the employees to remain with the firm and stated that the company was likely to merge with another firm, and if it did, the original eight employees would receive 5 percent of the value of the sale or merger as a reward for staying.

In 2001, AES was bought by another firm, and the seven employees who had stayed sought to collect their 5 percent. The company refused to pay on the ground that there was no contract. Did the company and employees have a bilateral or a unilateral contract? Explain.

Reference no: EM131274620

Questions Cloud

Programming problem can be solved by a program : The following programming problem can be solved by a program that performs three basic tasks (Input Data, Process Data, Output Results) along with selection and repetition coding techniques. Starting with the program you created in Programming Pro..

Create a job description for a retail sales associate : Create a job description for a retail sales associate, which includes the most significant components necessary to describe the job both internally and externally.

Prepare product line and total company income statements : ACC522 - Managerial Accounting - Prepare product line and total company income statements, assuming that ABC uses cost of merchandise to allocate all selling, general and administration costs and Identify and explain an improved method for allocati..

Write a brief description of the degree path : Write a brief description of degree path and specialization you plan to pursue. How you might apply perspective of your degree pathway and specialization to a problem related to a topic about which you are passionate.

A bilateral or a unilateral contract : The company refused to pay on the ground that there was no contract. Did the company and employees have a bilateral or a unilateral contract? Explain.

Describe how an organization is impacted : What types of things would you consider when determining how to compensate each position? Describe two (2) considerations. What type of compensation plan would you use for each position?

Significant cyber warfare capability : Select a country, criminal organization, or hacktivist group known to have a significant cyber warfare capability. Based on your open source research, post a one paragraph summary of

Why do you think the award was upheld on appeal : The lower court granted summary judgment in favor of the Medical Center. Why do you think this award was upheld on appeal?

Forefront of internet conversations : Censorship has always been on the forefront of internet conversations, especially in countries where government control is a way of life. Do you work for a company that has foreign entities? If you were the business owner, how would you react?

User Account

All Pages