Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Question: Brads became pastor of the First Baptist Church in January 1958. In June 1971, Brads had a heart attack. While he was recuperating, an officer of the church told Brads that the church had voted to pay his full salary for the remainder of his lifetime. That promise was unperformed because Brads later recovered and returned to work. In April 1980, Brads again had heart problems. On the advice of his doctor, Brads approached the deacons of the church about retirement. Brads proposed that his salary be reduced after retirement through a series of gradual step-downs to an amount approximately one-third the salary he was then receiving. Brads's proposal was accepted by the deacons. Under the terms of the agreement, the church placed Brads on disability retirement status, conferred an honorary title on him, gave him office space in the church, and allotted him retirement benefits according to the step-down schedule. Brads was required to aid, assist, and advise whomever the church called as a new pastor, to the extent Brads's health would allow. Brads and the church deacons jointly recommended to the congregation that it adopt the agreement, which the congregation did, unanimously. Brads then left his position as pastor and his benefits commenced. In 1985, the congregation was advised by a church officer that the benefits paid to Brads under the 1980 agreement should continue for Brads's lifetime. The congregation once again unanimously approved and reaffirmed theagreement. Brads received his benefits from 1980 through early July 1990, when he was notified by church officials that he had been dismissed from the membership of the church and that no more payments would be made to him. Other benefits, such as free office space, were also discontinued. Brads sued the church, contending that it breached its contract. The church contended that there was no consideration to support its promise to pay retirement benefits to Brads for life. Is the church correct?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92466213
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Management Theories

Each of 30 teams in a league has a demand for generic

Each of 30 teams in a league has a demand for generic advertising of Q = 260 - 4P. Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?

Strategic information systems assignment - literature

STRATEGIC INFORMATION SYSTEMS ASSIGNMENT - Literature Review Write a literature review of NOT more than 2000 words. The review should demonstrate that the student has thoroughly researched their topic. Students should us ...

Watch the lynda video wayne winston on analyticswrite a 4-

Watch the Lynda video, "Wayne Winston on Analytics." Write a 4- to 5-page proposal to your current or previous company's executives discussing how analytics can be used in your company to improve sales through your retai ...

Questionthere are several types of networks while the

Question: There are several types of networks; while the concepts are the same, only the names of the elements change. A network is a set of nodes connected by links, for example. However, some of the academic literature ...

Questionwrite a paper of 1000-1500 words that addresses the

Question: Write a paper of 1,000-1,500 words that addresses the following: 1. Discuss two or three of the major shifts that have occurred in managerial theories and concepts pertaining to the evolution of human resources ...

Foundations of complexitycomplexity theory the field of

Foundations of Complexity Complexity theory, the field of study of complex systems, is a relatively recent theory. It is a broad theory encompassing nine research traditions-an aggregation of principles, concepts, theori ...

Describe how government-supported big business during the

Describe how government-supported big business during the Reagan Era effected the U.S. economy and labor unions.

Suppose that for a given patient the true ef is 63 consider

Suppose that, for a given patient, the true EF is 63. Consider the population of EF values that can be estimated on that patient using option II above. That population follows a normal distribution with μ= 63. Find the p ...

Business research assignments -assessment 1 - literature

Business Research Assignments - Assessment 1 - Literature Review (2000 to 2500 words) For this assessment, students are expected to demonstrate their understanding of the extant, academic literature related to an approve ...

Fully answer the assigned questions in narrative third

Fully answer the assigned questions in narrative, third person format. The paper consist of 1200 WORDS. Also, include at least three (3) scholarly sources in your responses. Paper must be completed in APA format. NO PLAG ...

  • 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