Question

In: Accounting

Stephanie was working late one day when her boss approached her and asked her to sign...

Stephanie was working late one day when her boss approached her and asked her to sign an agreement not to compete with her firm. The non-compete clause only applied to a reasonable period of time and prohibited a reasonable scope of activities. Stephanie was given a choice of whether or not she wanted to sign it. There was no benefit to signing it her boss said. Her boss felt the whole exercise was silly and he put no pressure on Stephanie to sign it. Stephanie signed it. Several years later, the clause became a legal problem for Stephanie. Based upon these facts alone, Stephanie's best argument against the enforcement of this agreement would be based upon

Accord and satisfaction

Illusory promise

Lack of consideration

Mutual rescission

Solutions

Expert Solution

Stephanie was working late one day when her boss approached her and asked her to sign an agreement not to compete with her firm.


Related Solutions

Paralegal Leah’s boss has asked her to arrange for a private investigator to place a GPS...
Paralegal Leah’s boss has asked her to arrange for a private investigator to place a GPS tracking device, the size of a deck of cards, on the company car of a salesperson of one of the firm’s clients. The client suspects the salesperson of playing golf instead of working and wants to investigate his whereabouts. Is it legal? Ethical? ​
One late Friday afternoon your obnoxious boss comes into your office as you are about to...
One late Friday afternoon your obnoxious boss comes into your office as you are about to leave, and shows you 26 observations that he believes to be related. Y, he believes, is the dependent variable and X1 is the independent variable. He also thinks there is a 2nd order polynomial relationship in the data ( Y = B1X1 +B2X12 + B0 ), and, as you casually view the data, you tend to agree. He insists that the determination of B1,...
Annalise had been asked by her boss to develop a new way to process expense reimbursements...
Annalise had been asked by her boss to develop a new way to process expense reimbursements in her company. In your own words, list and discuss the steps Annalise should take to accomplish her task. Note, you are not being asked to actually design the expense reimbursement process -- you should only answer this question with regard to the process that Annalise should follow as she goes about her task of designing the system. What steps should she take? Explain.  
You are working as travel health nurse in one of the clinic, a patient has approached...
You are working as travel health nurse in one of the clinic, a patient has approached you to have an   evaluation of his health before travel - Specify why you are going to use that tool.
. On your first day working in a biochemistry research lab, you are asked to prepare...
. On your first day working in a biochemistry research lab, you are asked to prepare 500 mL of a 0.15 M sodium phosphate buffer solution at pH 6.5. Your lab contains stock solutions of H3PO4, NaH2PO4, Na2HPO4, and Na3PO4, each at 0.5 M, as well as plenty of double-distilled water.(a). (6 points) What do you mix and in what amounts in order to prepare the desired buffer?
If Susie is late for school one particular day of the week, the probability she arrives...
If Susie is late for school one particular day of the week, the probability she arrives on time the next day is 0.8. If she arrives on time one day, the probability she arrives late the following day is 0.3. Susie was on time on Monday. What is the probability she was late on Thursday?
“We’re in trouble” Your boss tells you one day. “End of the quarter is coming and...
“We’re in trouble” Your boss tells you one day. “End of the quarter is coming and there is no way we’re going to make our sales budget,” he adds. “You know what that means?” he asks. Then he answers his own question saying, “no bonus for you, for me or for our department’s head; he’s going to be very upset!” Your boss then proceeds to tell you his plan for saving everyone’s bonus and meeting the quarter’s budget. He will...
Suppose that you are a chain smoker. One day you are fired, and your boss says...
Suppose that you are a chain smoker. One day you are fired, and your boss says smoking is not allowed as a company policy. Will you be able to get back your job ? If not, what can you do?
Suppose that you are a chain smoker. One day you are fired, and your boss says...
Suppose that you are a chain smoker. One day you are fired, and your boss says smoking is not allowed as a company policy. Will you be able to get back your job? If not, what can you do?
Your boss has asked for your assistance regarding the company’s investments. One of their current investments...
Your boss has asked for your assistance regarding the company’s investments. One of their current investments has $10 million invested in long-term corporate bonds. This bond portfolio's expected annual rate of return is 9%, and the annual standard deviation is 10%. An external firm was contacted to see if the company could improve their return. Their recommendation has the company invested in an index fund that closely tracks the Standard & Poor's 500 Index. The index has an expected return...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT