Marsha Wright is a Texas-based professional designer of Westem apparel, including boots and handbags. She...
90.2K
Verified Solution
Link Copied!
Question
Finance
Marsha Wright is a Texas-based professional designer of Westem apparel, including boots and handbags. She works for Old Gringo, Inc., a company that sells Western style boots in the United States and Mexico. Her original employment contract entitles her to a salary of $180,000 per year, After 10 years with the company.company executives invite Wright to a meeting during which they allegedly promised her a 5% ownership stake in the company. The executives told Wright--and other employees--the ownership share was a reward for Wright's hard work and dedication to the company, Old Gringo executive laters denied that Wright was offered this ownership share in the company. When Wright sues to claim her share in the company, she does not win her case. What is the most likely explanation for this result? Under the UCC, modification of an employment agreement must be in writing, Promissory estoppel prevents Wright from winning her case. The past consideration rule prevents Wright from winning her case The pre-existing duty rule prevents Wright from winning her case. nal)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
