Restack Is a Leather Company in the State of Nevada

question 7

Multiple Choice

Restack is a leather company in the State of Nevada that made employee drug testing a mandatory requirement.Shaun was terminated when he failed the drug test.When a group of employees demanded Shaun's reinstatement into employment, the company refused and the matter was referred to arbitration.The arbitrator ordered reinstatement of the employee, but Restack refused to reinstate Shaun.The employees filed a suit in the court for the enforcement of arbitral award.The court may refuse to enforce an arbitration award because the award violates:

• A) ​the union shop clause.
• B) ​the open shop clause.
• C) ​the bargaining agreement.
• D) ​public policy.

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Definitions:

Capital Lease

A lease agreement that is classified as a purchase of an asset for accounting purposes, as it meets specific criteria set out in accounting standards.

Incremental Borrowing Rate

The incremental borrowing rate is the interest rate a lessee would have to pay to borrow funds on a secured basis over a similar term, in a similar currency, to purchase or lease a similar asset.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes, effectively treating the leased asset as owned property.

Executory Costs

Costs related to the unperformed obligations under a lease, typically including insurance, maintenance, and taxes.