Does winkel receive the profit-sharing bonus

Assignment Help Corporate Finance
Reference no: EM13488488

Loren Vranich, a doctor practicing under the corporate name Family Health Care, P.C., entered into a written employment contract to hire Dennis Winkel. The contract provided for an annual salary, insurance benefits, and other employment benefits. Another doctor, Dr. Quan, also practiced with Dr. Vranich. About nine months later, when Dr. Quan left the practice, Vranich and Winkel entered into an oral modification of their written contract whereby Winkel was to receive a higher salary and a profit-sharing bonus. During the next year, Winkel received the increased salary. However, a disagreement arose, and Winkel sued to recover the profit-sharing bonus.

Under Montana law, a written contract can be altered only in writing or by an executed oral agreement. Dr. Vranich argued that the contract could not be enforced because it was not in writing.

Does Winkel receive the profit-sharing bonus? Did Dr. Vranich act ethically in raising the defense that the contract was not in writing?
Winkel v. Family Health Care, P.C., 205 Mont. 40, 668 P.2d 208, Web 1983 Mont. Lexis 785 (Supreme Court of Montana)

Reference no: EM13488488

Questions Cloud

Explain the effect of adding base to an aqueous solution : What is the effect of adding base to an aqueous solution of ammonia. 1-PH of the solution will increase 2-the conc. of NH4 will decrease 3-the conc. of NH3 will increase
What is the slit width and slit seperation : The diffraction pattern of a uniformly illuminated double-slit aperture consists of bright fringes spaced 5.00 cm apart on a screen 2.00 m from the aperture. what is the slit width and slit seperation
Orbital hydridization is associated with tetrahedral charge : Which orbital hydridization is associated with a tetrahedral charge cloud arrangement (a) sp (b) sp2 (c)sp3 (d) noe of these
What is the apertures height and width : The central order for a diffraction pattern from a rectangular aperture is measured to be 15.0 mm high and 5.00 mm wide on a screen 1.00 m away. what is the aperture's height and width
Does winkel receive the profit-sharing bonus : Under Montana law, a written contract can be altered only in writing or by an executed oral agreement. Dr. Vranich argued that the contract could not be enforced because it was not in writing.
Calculate the angular acceleration of the pulley : A 2.85kg bucket is attached to a disk-shaped pulley of radius 0.121m and mass 0.842kg . If the bucket is allowed to fall, What is the angular acceleration of the pulley
Explain an electron in a ground state cobalt : Which of the following combinations of quantum numbers can refer to an electron in a ground state cobalt
Relation to company profitability and financial stability : What do these ratios show in relation to the company's profitability and financial stability?
What is the maximum voltage of the generator : The maximum current in a 26?F capacitor connected to an ac generator with a frequency of 110Hz is 0.15 A. What is the maximum voltage of the generator

Reviews

Write a Review

Corporate Finance Questions & Answers

  1 calculate the property tax rate as a millage rate rounded

1. calculate the property tax rate as a millage rate rounded to the nearest thousandth given the following parameters

  1 novelty gifts inc is experiencing some inventory control

1. novelty gifts inc. is experiencing some inventory control problems. the managerwanda larue currently orders 5000

  Create journal entries to record transactions

A corporation's only treasury stock transactions for current year follow; 1,000 shares of its common stock were purchased on June 1st for $40,000 $40 each share.

  Compare and contrast the multiplier effects

The recently passed 'American Recovery and Reinvestment Act' contains a mix of tax rebates, tax credits and increases in various transfer payments

  Theory question based on time value of moneywilson company

theory question based on time value of money.wilson company will issue 300000000 of 7 1000 par bonds on november 15

  Determine the amount to pay for the stock

A share of stock of PJB, company pays an yearly dividend of $9.50. Determine how much would you be willing to pay for the stock if your required return is 15.8 percent.

  What is resulting total forecasted amount of notes payable

The interest rate on all debt is 10% and cash earns no interest income. Assume that all additional debt is added at the end of the year which means that you should base the forecasted interest expense on the balance of debt at the start of the ye..

  International finance multiple choice questions

International Finance multiple choice questions - How many US dollars will it take to purchase a Canadian item valued at 543 Canadian? 10. "Tariff" is a trade restriction. List one other trade restriction.

  Calculate the pay-back period for each project

Calculate the NPV for each project using each scenario's NPV rate and calculate the pay-back period for each project

  Improving the firms financial condition

Analyze the data and draw your conclusions, comparing the financial conditions at the end of Yr2, Q8 to the Yr1, Q4. Finally, provide your recommendations for improving the firm's financial condition in a third year of operation.

  Describe and evaluate the companys business strategy do you

describe and evaluate the companys business strategy. do you think it is viable?why did the attempt to purchasethe

  Aqua pure purchases 50000 gallons of distilled water each

aqua pure purchases 50000 gallons of distilled water each year. ordering costs are 100 per order and the carrying cost

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd