Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

In July 2012, the six adult cast members of the hit TV show Modem family filed a joint law suit against Twenty century fox Television in an attempt to vid their contracts. The lawsuit claimed that their contracts were illegal, in that the contracts broke California’s “7 year rule”. The 7-year rule stipulates that contracts regarding personal service may not span longer than seven years. Yet the actor’s contracts guaranteed their service from 2009 to 2016. A great incentive for the actors to file the lawsuit was to increase the amount they each were paid an episode, which for most of them was $65,000 an episode. If a contract is illegal, may it be voided even if the actors knowingly signed to the terms of the contract? How do you think the judge should have decided this case, and why?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91821366

Have any Question?


Related Questions in Business Economics

What are the key principles and tenets that any educated

What are the key principles and tenets that any educated person should know regarding the science of economics and their applicability in the world today?

A popular restaurant wants to assess if there are any

A popular restaurant wants to assess if there are any differences between customers who come at different times of day (morning, noon, and night) and whether or not they order something from the drinks menu. On Sunday, t ...

If average fixed costs are 97 and average variable costs

If Average Fixed Costs are 9.7 and Average Variable Costs are 9.6 at 3 units of output, what are Average Total Costs? i.e., what are Average Total Costs per unit at 3 units of output?

From a game theory perspective how would you characterize

From a game theory perspective, how would you characterize the bargaining between a customer and a used car dealer?

A if the required reserve ratio is 250 percent what is the

a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier b. If the monetary multiplier is 5, what is the required reserve ratio?

What is the theory of consumer choice and how it consumers

What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?

According to kulish what is about the design of the euro

According to Kulish, what is about the design of the euro currency that lessens its appeal compared to prior national currencies?

The average or par score for an 18 hole golf course is

The average, or "par" score for an 18 hole golf course is 72. The score is computed by counting the number of swings, or "strokes" a player must make with their club to hit the ball into each of the 18 holes on the golf ...

A wall street journal article noted that a study by us

A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty ". a ...

A if the required reserve ratio is 250 percent what is the

a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier? b. If the monetary multiplier is 5, what is the required reserve ratio?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As