Chapter 6: Problem 13
Which one of the following situations most closely parallels that of the Oneida delegates in refusing to accept a lump-sum payment of \(\$ 60,000\) ? (A) A university offers a student a four-year scholarship with the stipulation that the student not accept any outside employment; the student refuses the offer and attends a different school because the amount of the scholarship would not have covered living expenses. (B) A company seeking to reduce its payroll obligations offers an employee a large bonus if he will accept early retirement; the employee refuses because he does not want to compromise an outstanding worker's compensation suit. (C) Parents of a teenager offer to pay her at the end of the month for performing weekly chores rather than paying her on a weekly basis; the teenager refuses because she has a number of financial obligations that she must meet early in the month. (D) A car dealer offers a customer a \(\$ 500\) cash payment for buying a new car; the customer refuses because she does not want to pay taxes on the amount, and requests instead that her monthly payments be reduced by a proportionate amount. (E) A landlord offers a tenant several months rent-free in exchange for the tenant's agreeing not to demand that her apartment be painted every two years, as is required by the lease; the tenant refuses because she would have to spend her own time painting the apartment.
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.