Ajax Pvt Ltd

question 72

Multiple Choice

Ajax Pvt. Ltd. made a promise to Garrett offering a job with an annual salary of $150,000, and at least two years employment. Since Garrett would have to move to New York for the new job, Ajax Pvt. Ltd. also offered to reimburse all moving expenses. Based on this promise, Garrett resigned from his $100,000 annual salary job at Dab Pvt. Ltd., San Francisco. However, once Garrett moved to New York, his employment with Ajax was terminated because the company found a candidate who was willing to work for a lesser salary. Which of the following is true of this situation?

• A) Garrett cannot sue Ajax since the promise was oral.
• B) Garrett can sue Ajax under promissory estoppel.
• C) Garrett cannot file a lawsuit since a promise of employment is always subject to market conditions.
• D) Garrett can sue Ajax, but only for the moving expenses that Garrett can prove he incurred.
• E) Garrett cannot sue Ajax since the reasons for termination will be accepted in court as legal detriment.

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Definitions:

Price-Earnings Ratios

A metric used to value a company by comparing its current share price to its per-share earnings.

Bell Shaped Distribution

A type of distribution, commonly known as a normal distribution, characterized by its symmetrical, bell-shaped curve where most occurrences take place around the mean.

Standard Deviation

A measure of the dispersion or spread of a set of values, showing how much variation there is from the average (mean).

Range

The difference between the largest and smallest values in a set of data.