Luminara Has Been Given Two Weeks' Notice by Knight Services

question 59

Multiple Choice

Luminara has been given two weeks' notice by Knight Services Inc, her employer.While she is upset and hurt, she also wants to make sure that she lands on her feet and that she will not be without an income for long, if at all.She therefore has asked you to comment on several potential outcomes that she has predicted.Which of the following statements is TRUE?

• A)Unless she signed an agreement to the contrary, Luminara will not owe any obligations to Knight Services once she leaves the company.
• B)Luminara will be entitled to a settlement package.
• C)Luminara cannot take customer lists belonging to Knight Services.
• D)As an employee, Luminara is subject to fiduciary obligations that will survive her departure from the company.
• E)Luminara may take the customer lists of her employer if she did not sign a non-solicitation agreement in writing.

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and stockholders' equity at a specific point in time.

Paid Part

This involves the portion of an expense or debt that has been paid, as opposed to the remaining amount that is still owed.

Decrease Liabilities

Actions or transactions that result in the reduction of obligations owed by a company, improving its financial position.

Received Cash

Funds that have been physically or digitally transferred to an entity, reflecting an increase in its liquidity.