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Section 3(a) of the Model Employment Termination Act States "An

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Section 3(a) of the Model Employment Termination Act states "an employer may terminate the employment of an employee without good cause.


Definitions:

Asset

Resources controlled by a business from which future economic benefits are expected to flow to the business, including both physical items and intangible properties.

Credit

An entry on the right side of a double-entry bookkeeping system that increases liabilities and equity or decreases an asset or expense.

Cash Received

The amount of money received by a company during a period from various sources including operations, investments, and financing.

Customer

An individual or entity that purchases goods or services from a business, essential for the revenue-generating activities of the company.

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