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Let's imagine that you recently graduated from Krannert's Professional MBA program and secured a position with Cliff Fisher Industries (CFI). You interviewed with CFI on
Let's imagine that you recently graduated from Krannert's Professional MBA program and secured a position with Cliff Fisher Industries (CFI). You interviewed with CFI on June 3, and on June 7, a human resource person from CFI called you and offered you the position. The human resource person informed you over the telephone that CFI had a huge project, and that they were hiring you for this two-year project. The position paid $98,000 a year and would start July 1. You would be making $10,000 more than most of your friends and would be living in Indianapolis You were extremely excited about the new job. You know you need to rent an apartment and want a different car. You found the perfect apartment on June 8. It rented for only $550 a month. The owners usually entered into one-year leases, but you were able to convince them to rent it to you for six months. The owners were writing up the lease, and it was taking longer than you thought it would. You were going to be late for your date, so you told the owners that you would drop by tomorrow and sign the lease. They agreed and told you the apartment was yours. That evening, while on a date, you just happened to be going by a new car dealership that had all kinds of signs out indicating a huge sale. Your date mentioned to you that he/she knew the owner of the dealership and could probably help you get a great deal on a new car. You found the ideal car, in fact it was the car of your dreams, but it cost $48,000. Having just graduated with your MBA and not yet having started your job, you didn't have that much cash, or enough credit to qualify for that large of a car loan. The salesperson brought out the owner, and your date, a friend of the owner and a prominent plastic surgeon, verbally told the dealership owner that if you could not pay for the car he/she would make the monthly payments. You signed the promissory note for the car and drove off in it. You are ecstatic, a new car, apartment, and a fantastic job all within 24 hours. Everything is going better than you could have dreamed. On June 9, when you returned to the apartment complex, the owners told you that they were sorry, but they rented your apartment to someone that had come in that morning and was willing to pay $475 a month for the apartment. Things started getting even worse. On June 28, the human resource person had called and left a message, on your recorder, stating that CFI decided that they didn't need your services and told you not to come to work on July 1. You and the surgeon are no longer dating and you cannot afford the car payments. Which of the following is correct under contract law? a. The owners of the apartment breached a legal contract with you. b. Your plastic surgeon friend is liable for the car payments since you cannot make the payments. c. CFI is in breach of your employment contract. d. All of the abov e. None of the above
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