In Caley V

question 548

True/False

In Caley v. Gulfstream Aerospace the court held that when employees were told a new dispute resolution policy would be imposed on them if they kept working that there was no acceptance of an offer, so no contract.

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Definitions:

Insolvency Proceedings

Legal processes initiated when an individual or company is unable to repay their debts, leading to asset liquidation or reorganization plans.

Chapter 15

A section of the U.S. Bankruptcy Code dealing with international bankruptcy, facilitating cooperation between U.S. courts and parties and their foreign counterparts.

Foreign Debtors

Individuals or entities located outside a country's borders that owe money to creditors within that country.

Insolvent

A financial condition where liabilities exceed assets, rendering an entity incapable of meeting its financial obligations.