(a) James works for the county fire department and hasn't had a raise in three years....
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(a) James works for the county fire department and hasn't had a raise in three years. When he shows up at the mayor's house to put out a fire, he sees the mayor standing outside. James tells the mayor that he will put out the fire only if the mayor agrees to give him a raise. The mayor agrees. Is the mayor bound to give James a raise after he put out the fire? Explain. (2 marks) Answer: (b) Susan had engaged Jim to build a house for her for RM100,000. Susan was still owing Jim a remaining balance of RM20,000. Jim suddenly won a lottery and promised Susan that he would forego the remaining balance. Based on Jim's promise, Susan spent the savings allocated to pay the balance on buying a car. However, now, Jim sues Susan for breaching the contract when Susan refuses to pay the remaining RM20,000. Discuss whether Susan is bound to pay the remaining RM20,000? (3 marks) (a) James works for the county fire department and hasn't had a raise in three years. When he shows up at the mayor's house to put out a fire, he sees the mayor standing outside. James tells the mayor that he will put out the fire only if the mayor agrees to give him a raise. The mayor agrees. Is the mayor bound to give James a raise after he put out the fire? Explain. (2 marks) Answer: (b) Susan had engaged Jim to build a house for her for RM100,000. Susan was still owing Jim a remaining balance of RM20,000. Jim suddenly won a lottery and promised Susan that he would forego the remaining balance. Based on Jim's promise, Susan spent the savings allocated to pay the balance on buying a car. However, now, Jim sues Susan for breaching the contract when Susan refuses to pay the remaining RM20,000. Discuss whether Susan is bound to pay the remaining RM20,000? (3 marks)
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a No the mayor is not bound to give James a raise after he put out the fire Jamess ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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