Happy Go Lucky Company (HGLC)enters into an Oral Employment Agreement

question 55

Multiple Choice

Happy Go Lucky Company (HGLC) enters into an oral employment agreement with Albert under which Albert becomes the managing director of HGLC for a period of two years.The employment agreement provides that both Albert and HGLC have the right to terminate the contract on six months' notice to the other.After working for the company for eight months,HGLC gives Albert two months' notice of termination.In this situation

• A)the Statute of Frauds does not apply because the essential terms of the contract are present,so Albert can enforce the term that he be given six months' notice.
• B)the Statute of Frauds applies,because there has not been part performance by Albert,so Albert cannot enforce the term that he be given six months' notice.
• C)the Statute of Frauds does not apply,because the contract is one for an indefinite period,so Albert can enforce the term that he be given six months' notice.
• D)the Statute of Frauds applies,because the contract extends over a period of more than a year,so Albert cannot enforce the term that he be given six months' notice.
• E)none of the above

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Definitions:

Moral Development

The process of learning, understanding, and applying ethical principles and values, shaping one's character and actions.

Ethical Choice

Decision-making based on moral principles and values, aiming to do what is right and beneficial.

Instrumental Stage

Instrumental stage refers to a phase where actions are performed primarily for the purpose of achieving an external goal or reward, often discussed in the context of moral development.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.