Roslyn,an Accomplished Figure Skater and Instructor,entered into a One-Year Contract

question 28

Multiple Choice

Roslyn,an accomplished figure skater and instructor,entered into a one-year contract with Figure8s Skating Club Inc.in 2001.The club continued to offer Roslyn one-year contracts each year,which Roslyn consistently accepted before the May 30 deadline.Roslyn consulted a lawyer when her contract for 2011 failed to materialize.Why will Roslyn be entitled to seek damages for wrongful termination?

• A) Fixed-term contract employees have prior notice of the need to find alternative work.
• B) Fixed-term contract employees are entitled to considerably more than statutory notice.
• C) There is an absence of breach of fixed-term contract; employment ends on expiry of the term.
• D) A series of contracts is an indefinite term, creating entitlement to reasonable notice.

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Definitions:

Cash Inflows

Money received by a company during a given period, including revenues, investment returns, loans, and other forms of financing.

Payback Period

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment itself.

Straight-line Basis

Straight-line basis is a method of calculating depreciation and amortization, wherein an asset's cost is evenly spread over its useful life.

Cash Flow

A measurement of the net amount of cash and cash-equivalents being transferred into and out of a business.