ABC Corporation Recruited Computer Programmers from Competitors by Promising Higher

question 50

Multiple Choice

ABC Corporation recruited computer programmers from competitors by promising higher salaries.However,when the programmers started work for ABC,the company denied making any such promises.What has ABC violated through its behaviour?

• A)implied covenant rules
• B)common laws
• C)no laws;as long as there were no written guarantees,ABC cannot be held liable
• D)implied contract rules

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Definitions:

Uncollectible Accounts

Accounts that are considered to be uncollectable due to the debtor being unlikely to pay, also known as bad debt.

Notes Receivable

This refers to promissory notes that are receivable by a business, representing amounts due from others that they have promised to pay within a specific period.

Interest Revenue

Income earned by a company or individual from lending money or making investments that pay interest.

Income Statements

A financial statement that shows a company's revenues, expenses, and profit over a specific period, reflecting the company's financial performance.