4. A consultant has been working for the manager of an investment fund for ten years....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
4. A consultant has been working for the manager of an investment fund for ten years. At the beginning of their working relationship, the consultant sent the investment manager a contract for the first year of work, detailing how much compensation he expected and other terms, which the manager never signed or returned. However, shortly after receiving the contract, the manager sent the consultant some work, and the consultant completed it. The consultant continued to complete a few projects a year for the manager, though he never sent him another contract. The consultant kept track of his time and sent the manager a bill once a year at the end of the year, which the manager always promptly paid. This year, however, the manager is refusing to pay the bill on the grounds that he did not have a contract to pay the consultant for his services. If the consultant sues the investment manager for the amount of the unpaid bill, will he be successful? 4. A consultant has been working for the manager of an investment fund for ten years. At the beginning of their working relationship, the consultant sent the investment manager a contract for the first year of work, detailing how much compensation he expected and other terms, which the manager never signed or returned. However, shortly after receiving the contract, the manager sent the consultant some work, and the consultant completed it. The consultant continued to complete a few projects a year for the manager, though he never sent him another contract. The consultant kept track of his time and sent the manager a bill once a year at the end of the year, which the manager always promptly paid. This year, however, the manager is refusing to pay the bill on the grounds that he did not have a contract to pay the consultant for his services. If the consultant sues the investment manager for the amount of the unpaid bill, will he be successful?
Expert Answer:
Answer rating: 100% (QA)
Based on the information you have provided the consultant may be successful in suing the investment ... View the full answer
Related Book For
Posted Date:
Students also viewed these law questions
-
1. Anna is having a dinner party and wants everything to be perfect. She asks her good friend, Beth, to come over early to help prepare all of the food so that she doesnt have to pay a caterer. Anna...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
1. What is Ladures target market and retail strategy in the United States? 2. Explain the reasons Ladure owns its stores in some countries and uses franchising with local licensees in others. 3....
-
John Flynn lives in Nova Scotia. In 2014 he earned $1,500 in interest income and $3,000 in dividend income, and realized a $2,000 capital gain. Calculate his after-tax income and tax rate for each...
-
Calculate r G at 25C for the formation of 1.00 mol of C 2 H 5 OH(g) from C 2 H 4 (g) and H 2 O(g). Use this value to calculate K p for the equilibrium. Comment on the sign of r G and the magnitude...
-
The problem of growth and decay is stated as follows: The rate of change of a quantity is proportional to the quantity. The differential equation for such a problem is \[\frac{d y}{d t}= \pm k y\]...
-
Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $4 million in assets, manufactures a special testing device. At the...
-
Don't use chatgpt otherwise I'll down vote so please provide genuine answer.. 1. Explain the characteristics and the internal control features of an imprest fund. 2. On June 30, how much cash should...
-
The XYZ Manufacturing Company produces two products, S-101 and C-110. You have obtained the following information regarding the annual manufacturing support (i.e., factory overhead) costs associated...
-
A governmental planning agency wishes to determine the sources of purchase of fuel for use by n depots from among m bidders. a) Suppose that the maximum quantity offered by bidder i is ai gallons and...
-
What role does ethical stewardship play in shaping leadership efficacy, particularly in fostering trust, transparency, and accountability within organizational frameworks ?
-
What is "delta" conceptually and mathematically? Why would we need delta to establish a risk-neutral position? Provide a detailed explanation to get full credit.
-
The acceleration of a bus is given by a (t) = at, where a = 1.30 m/s is a constant. Part A If the bus's velocity at time t = 1.15 s is 5.10 m/s, what is its velocity at time t = 2.15 s? Express your...
-
what ways do contemporary leadership theories integrate principles of emotional intelligence to optimize interpersonal dynamics and harness collective intelligence within teams ?
-
Describe the exchange rate system used by various governments? please explain thoroughly thanks
-
pickney street case study calculate the cash flows after financing during a single year of operations, once renovations are complete - that is, the cash flows from operations (given in Exhibit 1)...
-
In a certain school district, 3% of the faculty use none of their sick days in a school year. Find the probability that 5 faculty members selected at random used no sick days in a given year.
-
Crestview Secondary Academy is a private non-profit high school offering grades 9 to 12. It has just implemented a laptop program in the school. Every student from Grade 11 and up will receive a...
-
(a) Discuss the implications for financial statement users when there are differences in GAAP among financial reporting frameworks. (b) Outline the advantages and disadvantages.
-
On January 1, 2009, Kundi acquired (cum div.) a 70% interest in Eagle. The following balances appeared in the records of Eagle at this date: Share capital100,000 shares... $100,000 Retained earnings...
-
Fem Company purchased goods on January 1,2020 , and issued a two-year, \(\$ 2,500\) note with a \(5 \%\) stated rate. The fair value of the goods is \(\$ 2,366\). The note requires annual interest...
-
Stonewall Corporation issued \(\$ 20,000\) of \(5 \%, 10\)-year convertible bonds. Each \(\$ 1,000\) bond is convertible to 10 shares of common stock (par \$50) of Stonewall Corporation. The bonds...
-
Darien Inc. redeemed \(\$ 5,000\) of its bonds at 102 on January 1, 2020. At this date, the unamortized discount was \(\$ 690\). Prepare the journal entry on January 1, 2020, for the bond redemption....
Study smarter with the SolutionInn App