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MMLU / Expecting an increase in business for the holiday season, an owner of a retail…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Expecting an increase in business for the holiday season, an owner of a retail store decided to hire another employee. On October 31, the owner entered into a written contract with a worker that provided that the worker would be employed for the months of November and December to work at the retail store for 2,000permonth.AttheendofNovember,theownernoticedthatbusinesshadnotincreasedasmuchashehadexpected.Theownerinformedtheworkerthatunlessheagreedtotakeacutinhissalary,hewouldbefired.Reluctantly,onDecember1,theworkerorallyconsentedtoasalaryreductionof2,000 per month. At the end of November, the owner noticed that business had not increased as much as he had expected. The owner informed the worker that unless he agreed to take a cut in his salary, he would be fired. Reluctantly, on December 1, the worker orally consented to a salary reduction of 500 for the month of December. Which of the following statements regarding the December 1 agreement between the owner and the worked is most accurate?
Plain-text mathematical notation (without MathML)
Expecting an increase in business for the holiday season, an owner of a retail store decided to hire another employee. On October 31, the owner entered into a written contract with a worker that provided that the worker would be employed for the months of November and December to work at the retail store for 2,000permonth.AttheendofNovember,theownernoticedthatbusinesshadnotincreasedasmuchashehadexpected.Theownerinformedtheworkerthatunlessheagreedtotakeacutinhissalary,hewouldbefired.Reluctantly,onDecember1,theworkerorallyconsentedtoasalaryreductionof500 for the month of December. Which of the following statements regarding the December 1 agreement between the owner and the worked is most accurate?
Original LaTeX notation
Expecting an increase in business for the holiday season, an owner of a retail store decided to hire another employee. On October 31, the owner entered into a written contract with a worker that provided that the worker would be employed for the months of November and December to work at the retail store for $2,000 per month. At the end of November, the owner noticed that business had not increased as much as he had expected. The owner informed the worker that unless he agreed to take a cut in his salary, he would be fired. Reluctantly, on December 1, the worker orally consented to a salary reduction of $500 for the month of December. Which of the following statements regarding the December 1 agreement between the owner and the worked is most accurate?

choices

  1. It effectuated a valid reformation of their original written contract.
  2. It effectuated a valid modification of their original written contract.
  3. It effectuated a novation of their original written contract.
  4. It did not alter the rights and obligations of the parties under the terms of their original contract.

subject

professional_law

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Source and history

task_id
e67bc114-6cd0-5622-94bb-1fc089c04d8e
task_key
all--test--e67bc114-6cd0-5622-94bb-1fc089c04d8e
task_revision_id
1
config / split
all / test

Official source

initial import