Mgmt 597_Final exam final Return
Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
12/17/2014
Time Spent:
4 h , 13 min , 05 secs
Points Received:
285 / 300 (95%)
Question Type:
# Of Questions:
# Correct:
Essay
6
N/A
Grade Details - All Questions
Page:
1 2
Question 1.
Question :
(TCO A, C) Jim worked for AAA Job Shop, Inc. for over 30 years. Two months before Jim retired, the head of human resources told Jim that the company would pay for health insurance for Jim and his wife for the remainder of his life, and for his wife’s life if she were to survive him, and handed Jim a letter from the company describing this. Jim had always known that the company provided this benefit to a few of its select employees. Jim didn’t really expect that he would receive it, although he had secretly hoped so for some time. Four years after retirement, Jim contracted cancer and incurred substantial medical bills under his insurance plan. Jim then received a letter from his former employer saying that the employer was discontinuing its payment of health insurance for those retirees who were receiving this benefit. Jim is considering suing the company to force it to live up to its agreement. Discuss the issues and likely resolution of Jim’s case.
Student Answer: For Jim' case, we have to discuss that "was there an agreement as legally enforceable contract between Jim and AAA Job Shop, Inc.? If we find out the agreement was a legally enforceable contract Jim can use the court system to enforce the contract and recover damages or other remedy as AAA Job Shop fails to perform as promised. Under Statute of Frauds, a state statute do requires certain types of contracts to be in writing such as the type that relates to this case "Contracts that by their own terms cannot possibly be performed within one year".(Cheeseman, p220) As we can see, the head of human resources
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
12/17/2014
Time Spent:
4 h , 13 min , 05 secs
Points Received:
285 / 300 (95%)
Question Type:
# Of Questions:
# Correct:
Essay
6
N/A
Grade Details - All Questions
Page:
1 2
Question 1.
Question :
(TCO A, C) Jim worked for AAA Job Shop, Inc. for over 30 years. Two months before Jim retired, the head of human resources told Jim that the company would pay for health insurance for Jim and his wife for the remainder of his life, and for his wife’s life if she were to survive him, and handed Jim a letter from the company describing this. Jim had always known that the company provided this benefit to a few of its select employees. Jim didn’t really expect that he would receive it, although he had secretly hoped so for some time. Four years after retirement, Jim contracted cancer and incurred substantial medical bills under his insurance plan. Jim then received a letter from his former employer saying that the employer was discontinuing its payment of health insurance for those retirees who were receiving this benefit. Jim is considering suing the company to force it to live up to its agreement. Discuss the issues and likely resolution of Jim’s case.
Student Answer: For Jim' case, we have to discuss that "was there an agreement as legally enforceable contract between Jim and AAA Job Shop, Inc.? If we find out the agreement was a legally enforceable contract Jim can use the court system to enforce the contract and recover damages or other remedy as AAA Job Shop fails to perform as promised. Under Statute of Frauds, a state statute do requires certain types of contracts to be in writing such as the type that relates to this case "Contracts that by their own terms cannot possibly be performed within one year".(Cheeseman, p220) As we can see, the head of human resources