Explain the retirement benefits to brads for life

Assignment Help Management Theories
Reference no: EM131657511

Question: Brads became pastor of the First Baptist Church in January 1958. In June 1971, Brads had a heart attack. While he was recuperating, an officer of the church told Brads that the church had voted to pay his full salary for the remainder of his lifetime. That promise was unperformed because Brads later recovered and returned to work. In April 1980, Brads again had heart problems. On the advice of his doctor, Brads approached the deacons of the church about retirement. Brads proposed that his salary be reduced after retirement through a series of gradual step-downs to an amount approximately one-third the salary he was then receiving. Brads's proposal was accepted by the deacons. Under the terms of the agreement, the church placed Brads on disability retirement status, conferred an honorary title on him, gave him office space in the church, and allotted him retirement benefits according to the step-down schedule. Brads was required to aid, assist, and advise whomever the church called as a new pastor, to the extent Brads's health would allow. Brads and the church deacons jointly recommended to the congregation that it adopt the agreement, which the congregation did, unanimously. Brads then left his position as pastor and his benefits commenced. In 1985, the congregation was advised by a church officer that the benefits paid to Brads under the 1980 agreement should continue for Brads's lifetime. The congregation once again unanimously approved and reaffirmed theagreement. Brads received his benefits from 1980 through early July 1990, when he was notified by church officials that he had been dismissed from the membership of the church and that no more payments would be made to him. Other benefits, such as free office space, were also discontinued. Brads sued the church, contending that it breached its contract. The church contended that there was no consideration to support its promise to pay retirement benefits to Brads for life. Is the church correct?

Reference no: EM131657511

Questions Cloud

Write a program to calculate the terms of sequence of number : This programming project involves writing a program to calculate the terms of the following sequence of numbers: 0 1 2 5 12 29 ... .
Discuss the statute of frauds : She identified a handwritten document listing the three paintings, bearing her signature and that of Basquiat, which stated: "$12,000- $1,000 DEPOSIT-OCT 25 82.
Discuss and critically analyse the court decision : Research on an ASIC vs SOUST (2010) case. Discuss and critically ANALYSE the court/tribunal decision and the reason for the decision in view of Corporations Act
Corrine promise to pay part of the proceed to bryan and ruth : Ruth sued Corrine for breach of contract. Was there consideration to support Corrine's promise to pay part of the proceeds to Bryan and Ruth?
Explain the retirement benefits to brads for life : The church contended that there was no consideration to support its promise to pay retirement benefits to Brads for life. Is the church correct?
Percent annual interest rate : If you deposit 760.21 dollars in an account today that earns a 7 percent annual interest rate that is compounded monthly, how much will be in the account after
What annual interest rate did you receive : If you deposit 52.74 dollars in an account today, and the account balance is 307.78 dollars 8 years from now, what annual interest rate did you receive?
How can stereotyping be harmful to minorities : Do you have any concerns regarding the playground or are you content with the jail theme? What is a stereotype?
Discuss the lotus property of land : In October 2002, real estate developer Lotus Property entered into a contract with the Greers to purchase 148 acres of land.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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