Kinetosphere Automation Inc

question 38

Multiple Choice

Kinetosphere Automation Inc. (K.A.) makes a mandatory employment contract with all its employees. The contract states that K.A.'s employees are not to work for any other organization while they are employed by it. If K.A. finds an employee who is also serving another company, it can approach the court to obtain a(n) ________ to prevent the employee from working in the other company.

• A) restitution
• B) rescission
• C) injunction
• D) subjugation

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Definitions:

Nonpayment

The failure to fulfill a financial obligation, such as not paying bills, debts, or invoices when they are due.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, which may not necessarily align with the calendar year.

Stockholder's Equity

The ownership interest of shareholders in the assets of a corporation, represented by their shares of the company's stock.

Owners

Individuals or entities that hold legal possession and control over a business or asset, having a claim on the business's profits and an obligation for its debts.