Under the Implied Contract Exception to the Termination at Will

question 66

Multiple Choice

Under the implied contract exception to the termination at will doctrine, courts have held that .

• A)persistent failure to perform assigned duties or to meet prescribed standards on the job is reason for dismissal
• B)even in the absence of a written document, an implied contract existed based on representations in the employee handbook
• C)discharge is wrongful when it is against an explicit, well-established law
• D)insubordination is grounds for dismissal
• E)employers should not fire employees without good cause

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Definitions:

Maturity Value

The total amount payable to an investor at the end of a debt instrument's life, including the principal and any interest.

Accrued Interest

Interest that has been incurred but not yet paid, often related to bonds or loans.

Bond Issue Costs

The expenses associated with the issuance of bonds, including legal, accounting, underwriting fees, and other related costs.

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.