Employers Reinforce Their Common Law Rights By

question 58

Multiple Choice

Employers reinforce their common law rights by:

• A)issuing injunctions and suing for damages.
• B)requiring employees to sign confidentiality and noncompetition agreements at time of hire.
• C)reducing the employees rank, salary, or job title as a punishment.
• D)imposing regulations on their Internet usage and other external communication.

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt or performance of some other obligation.

Priority

The status of being regarded or treated as more important than other matters.

Purchase Money Security Interest

A security interest that is (1) taken or retained by the seller of collateral to secure all or part of its purchase price or (2) taken by a debtor to acquire rights in or the use of the collateral if the value is so used.

Inventory Collateral

Assets from a company's inventory that are pledged to secure a loan.