Timothy Reddick served in a two-year term appointment with the FDIC, with the term lasting from September
Question:
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.
Step by Step Answer:
Dynamic Business Law The Essentials
ISBN: 9781260253382
5th Edition
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs