Wayne Enterprises had several salespersons that worked for a contract salary. To encourage them to make more sales, Wayne offered a $5,000 bonus to the salesperson who had the highest total dollar value the following month. That next month, Wendy had the highest sales. When Wendy received her next paycheck, there was no bonus. If Wendy sues Wayne to recover the $5,000 bonus, the likely result will be A. Wendy will lose because she already had a contract so there was no consideration B. Wendy will win because the offer of a bonus for high sales constituted consideration because it entailed additional performance by both parties C. Wendy will lose unless the promise was in writing. D. Wendy will win because of moral consideration
Wayne Enterprises had several salespersons that worked for a contract salary. To encourage them to make more sales, Wayne offered a $5,000 bonus to the salesperson who had the highest total dollar value the following month. That next month, Wendy had the highest sales. When Wendy received her next paycheck, there was no bonus. If Wendy sues Wayne to recover the $5,000 bonus, the likely result will be A. Wendy will lose because she already had a contract so there was no consideration B. Wendy will win because the offer of a bonus for high sales constituted consideration because it entailed additional performance by both parties C. Wendy will lose unless the promise was in writing. D. Wendy will win because of moral consideration
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education