Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Greg is a commodities trader who works for the brokerage firm, Evolution Markets. Four days before Greg's 1 0 - month employment contract was set

Greg is a commodities trader who works for the brokerage firm, Evolution Markets. Four days before Greg's 10-month employment contract was set to expire, Evolution Markets' Chief Executive Officer (CEO) sent Greg an e-mail offering him a new 10-month employment contract on the same terms as his existing deal. Greg promptly replied with an e-mail that stated, "I accept. Please send the written contract and I'll sign it right away." The CEO then responded with his own e-mail that said, "Congratulations, this is great news! I'm looking forward to another great run with you." As it turns out, Evolution Markets never presented Greg with a new written contract, and eventually terminated his employment. After that, Greg was not able to find another job and had to move back in with his parents. If Greg sues Evolution Markets for breach of contract, what is the likely result in that lawsuit?
a. Greg wins because the e-mails alone are sufficient to create a contract.
b. Greg wins under the basic contracting principle of fair dealing.
c. Greg loses because he never received nor signed a written employment contract from the company.
d. Greg loses because e-mails alone are never enough to establish the existence of a binding contract.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transport Operations

Authors: Allen Stuart

2nd Edition

978-0470115398, 0470115394

More Books

Students also viewed these General Management questions