Sniezek was not consideration for agreement to arbitrate

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Reference no: EM132223700

1. Which of the following best describes the court’s determination with respect to whether there was consideration for the Agreement to arbitrate that employee Sniezek signed with the Chiefs?

1. The court determined that there was no consideration for the Agreement because the promise made by the Chiefs was illusory.

2. The court determined that there was the consideration for the Agreement because the Chiefs were paying Sniezek compensations in exchange for the promise to arbitrate.

3. The court determined that there was no consideration because there was no mutual promise by the Chiefs when Sniezek was asked to sign the Agreement.

4. The court determined that there was no consideration for the Agreement because the value given by the Chiefs was inadequate compared to the value given by Sniezek.

2. What was the main reason that the courts determined that the Chiefs offer of employment to Sniezek was not consideration for the Agreement to arbitrate?

The Agreement to arbitrate was signed before the offer of employment was made.

The offer of employment was ambiguous on the issue of required arbitration.

The Agreement to arbitrate was not mentioned when the offer of employment was made.

An Agreement to arbitrate cannot legally be made part of an offer of employment.

3. Industrial production of chemical and allied products trebled during the 1955 74 period, with some segments even experiencing growth rates 6-7x the index rate. But in the 1980 growth slowed in chemicals for a variety of reasons. In terms of Porter's Five Forces model, the industry likely became less attractive because

a) Buyers gained more leverage

b) Suppliers gained more leverage

c) Rivalry in the industry increased

d) More substitutes became available

e) More new firms entered the industry

4. A strategic group map

a) Can be utilized to locate "space" in an industry in which rivalry is less fierce

b) May contain groups which differ in profitability

c) All of the above

d) N/A

5. As a student in LearnSmart Achieve, I will be able to finish the assignment as long as I keep clicking through the different questions and answer choices.

True or False

Reference no: EM132223700

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