Henri was employed as an executive chef at an exclusive restaurant for many years. He was internationally famous for many of his gourmet dishes, and was the author of several books on gourmet cooking.

A small chain of exclusive hotels wished to incorporate gourmet restaurant facilities in each hotel as an added incentive for executives and wealthy clientele to patronize its establishments. Henri was approached by the President of the hotel chain and offered the opportunity to manage the gourmet restaurant facilities throughout the chain, and to assume responsibility for all aspects of the operation. Henri accepted the position, and proceeded to set up the restaurants at each hotel, to hire and train the new staff, and to plan all menus and food management.

The restaurants proved to be a great success initially, and for several years proved to be a significant contributor to the profits of the hotel chain. A downturn of the economy, unfortunately, affected the hotel industry generally, and the small chain in particular. In an effort to economize, the President approached Henri with a request to reduce the costs of operation of the gourmet restaurants through staff reductions, and the use of lower cost food ingredients. Henri refused, and in the heated discussion that followed, Henri was terminated for insubordination. Henri then instituted legal proceedings against the hotel chain, claiming wrongful dismissal.

1. Outline the positions of each of the parties in this case.

2. How might the court consider these arguments? Render, with reasons, a decision.

3. Who is the plaintiff and defendant?

4. What charge of the case?

5. What are the argument for Henri and the President of the hotel?

6. What is the Final opinion?

Mearcat Corporation earned income before tax of $160,000. Taxable income was $140,000, and the income tax rate was 40%. The journal entry to record Mearcat's income tax expense and income tax liability was: O A. Income Tax Expense 64,000 Income Tax Payable 64,000 O B. Income Tax Expense 56,000 Income Tax Payable 56,000 O c. Income Tax Expense 64,000 Income Tax Payable 56,000 Deferred Tax Liability 8,000 O D. Income Tax Payable 64,000 Income Tax Expense 56,000 Deferred Tax Liability 8,000Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. X Answer is not complete. Amount Income tax $ 132,295 Net investment income tax Total tax liability $ 132,295Required information {The following information applies to the questions displayed below] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. {Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) b. His $450,000 of taxable income includes $2,000 of longterm capital gain that is taxed at preferential rates. Income tax Net investment income tax Total tax liability 55 E] QUESTION 11 If neither party has performed its obligations under a contract when a frustrating event occurs, they are both left Where they were before the contract was formed. 0 True 0 False QUESTION 12 Leslie offered to pay Murray $100 a day to show her dog in an upcoming three-day competition. Murray accepted and showed the young male dog, winning best of breed during each day's competition. Leslie paid Murray $300. What is the present status of their contractual arrangement? O a. The payment of the settlement ended the contract. 0 b. The contract terminated by agreement of the parties. O c. The contract has been terminated by performance. 0 d. The termination of the competition frustrated the contract. QUESTION 13 In which situation might a court be inclined to grant an injunction? Q a. where the contract contains a promise not to engage in specied activities 0 b. where thc court wishes to force a party to complete thcir performancc of the contract 0 c. where the plaintiff is undeserving of damages C) d. where the plaintiff does not have "clean hands" QUESTION 8 Among other things, Genevieve received an award from the court relating to her inability to sleep for 14 months following the collapse of the roof covering a newly built addition to her home. What is the nature of this portion of Genevieve's award? O a. non-pecuniary general damages 0 b. pecuniary expectation damages 0 c. punitive damages For tangible losses 0 d. punitive damages for intangible loss QUESTION 9 Both parties to the original contract must agree to an assignment for it to be enforceable. 0 True 0 False QUESTION 10 Everyone who suffers a breach of contract has a duty to mitigate. 0 True O False