Timothy Reddick served in a two-year term appointment with the FDIC, with the term lasting from September

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Timothy Reddick served in a two-year term appointment with the FDIC, with the term lasting from September 2010 to September 2012. In April 2012, prior to the end of the contract, the FDIC offered an extension to Reddick subject to the condition of Reddick’s continued successful performance. Reddick accepted the offer several days after it was made. Unfortunately for Reddick, the FDIC revoked the extension offer in August 2012 due to his failing to meet the condition of continued successful performance by engaging in “highly questionable behavior.” His employment with the agency terminated in September 2012. Reddick subsequently sued the FDIC. Do you think the FDIC was allowed to revoke the offer after Reddick’s acceptance? Explain your reasoning.

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Dynamic Business Law The Essentials

ISBN: 9781260253382

5th Edition

Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

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