Business, 23.03.2020 19:33 pleasedontspamme

Carol Mann and Gerald Harris worked for Helmsley-Spear, Inc. (HSI), as managers for various HSI properties. In 2005 each received a bonus of $50,000 for their work in converting an HSI apartment complex, known as Windsor Park, into a condominium complex. The conversion started in 2002 and took three years. The bonus was paid pursuant to an oral contract made in December of 2001 that promised a bonus (above their salary) when the project was completed. HIS was very happy with their work and indicated that other projects are planned. In 2006 Mann and Harris were asked by HIS to work on another conversion of an apartment building known as Park West. For this project Mann and Harris were again orally promised a bonus (above their salary) using the formula similar to the Windsor Park conversion. It was understood that this project would also require two or three years to complete. In 2009, after successfully converting Park West, Mann and Harris were fired. HSI refused to pay them the bonus. Mann and Harris sued. Among other things, HSI contended that their oral agreement concerning the extra compensation was unenforceable under the Statute of Frauds.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:40, tipbri6380

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Answers: 3

continue

Business, 22.06.2019 14:30, benjaminmccutch

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

Answers: 1

continue

Business, 22.06.2019 16:30, emmmssss21

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

Answers: 3

continue

Business, 22.06.2019 23:10, erykaa

Mbo works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. the hierarchy ends in individual objectives set by each employee. this is an example of mbo working as objectives through the organization.

Answers: 1

continue

You know the right answer?

Carol Mann and Gerald Harris worked for Helmsley-Spear, Inc. (HSI), as managers for various HSI prop...