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For each of the following three case problems prepare a typed response including the following:
1. Highlight the pertinent facts;
2. Identify the issue of law and/or fact posed by the case problem;
3. What should be the decision in the case?
4. The reasoning for such decision.
Green was the owner of a large department store. On Wednesday, January 26, he talked to Smith and said, “I will hire you to act as sales manager in my store for one year at a salary of $48,000. You are to begin work next Monday.” Smith accepted and started work on Monday, January 31. At the end of three months, Green discharged Smith. On May 15, Smith brought an action against Green to recover the unpaid portion of the $48,000 salary. Is Smith’s employment contract enforceable?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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