LPU• Effective April 21, 2014, Philip Luis F. Marin (Marin, for short) was appointed Reservations Officer ofCathay Pacific Airways Ltd (Cathay) for a probationary period of six months. A letter dated March 23,2014 was given to him specifying his appointment wherein he is to receive a monthly salary includingholidays and rest days, with a promise of a salary review upon satisfactory completion of theprobationary period. The letter also stated that Cathay reserved the right to terminate (Marin) servicesduring the probationary period if performance proves to be unsatisfactory, in which case will receivethe salary due at the time of the termination of his services. Mr. Marin accepted those terms ofemployment and that he would be reconfirmed as a member of regular staff upon completion of theprobationary period. Mr. Marin was briefed and counseled by virtue of a Memorandum which wasreleased by M.A. Canizares (Administrative Supervisor) dated October 15, 2013. It was noted that Mr.Marin was not furnished with the set of regulations of Cathay and copies of his assessment. However,Marin admitted that he was briefed by Senior Supervisor Nenitha Montallana on April 28, 2014 on therules regarding phone calls, breaktime and others. Marin also admitted that he received from Cathaycopies of document to be used to evaluate his performance. There were occasions that Marin wasbriefed on his unsatisfactory performance assessment on July 23, 2014.Finally on September 21, 2014,Marin was briefed on his performance assessment and Cathay 's decision not to regularize hisemployment upon expiry of the probationary period. Marin was finally informed of the termination ofhis services in a letter dated October 2, 2014.• Is the decision of Cathay not to regularize Marin's employment upon the expiration of theprobationary period valid considering that Marin was not furnished copies of the set of regulations ofCathay, as well as his assessment reports?

Yes, Cathay's decision not to regularize Marin's employment upon the of the Probationary period is…

Answered: Cathay Pacific Airways Ltd (Cathay) for…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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• Effective April 21, 2014, Philip Luis F. Marin (Marin, for short) was appointed Reservations Officer of Cathay Pacific Aiways Ltd (Cathay) for a probationary period of six months. A letter dated March 23, 2014 was given to him specitying his appointment wherein he is to receive a monthly salary including holidays and rest days, with a promise of a salary review upon satisfactory completion of the probationary period. The letter also stated that Cathay reserved the right to terminate (Marin) services during the probationary period if performance proves to be unsatisfactory, in which case will receive the salary due at the time of the termination of his services. Mr. Marin accepted those terms of employment and that he would be reconfirmed asa member of regular staff upon completion of the probationary period. Mr. Marin was briefed and counseled by virtue of a Memorandum which was released by M.A. Canizares (Administrative Supervisor) dated October 15, 2013. It was noted that Mr. Marin…
QUESTION 10 In order for a corporation to open a cash account, it would need to send a brokerage firm a copy of a: O Corporate resolution O Corporate charter Both Corporate charter & Corporate resolution O Neither Corporate charter nor Corporate resolution QUESTION 8 In a limited discretionary account, a Registered Rep may do any of the following EXCEPT: Obtain written approval from a principal for each trade executed Execute trades without the verbal approval of the customer Withdraw securities or cash Buy securities that are suitable
On January 1, 20X4, Gold Company purchased a computer with an expected economic life of five years. On January 1, 20X6, Gold sold the computer to TLK Corporation and recorded the following entry Consolidation Worksheet Entries Cash Accumulated Depreciation Computer Equipment Gain on Sale of Equipment Debit 39,000 Credit 16,000 40,000 15,000 TLK Corporation holds 60 percent of Gold's voting shares. Gold reported net income of $ 45,000 including the gain on the sale of equipment, and TLK reported income from its own operations of $ 85,000 for 20x6. There is no change in the estimated economic life of the equipment as a result of the intercompany transfer. In the preparation of the 20X6 consolidated balance sheet, computer equipment will be Multiple Choice Credited for $24,000. O Debited for $1,000. Debited for $15,000 Debited for $ 40,000
Subject: Law on Partnership and Corporation (Philippines)What are the steps in securing a new copy of lost or destroyed certificate of stock?
Alf sells prestige used cars. In the window of his office showroom Alf displays a whiteboard. On January 20 Alf wrote on this board: • “2015 Ferrari, just arrived, mint condition, £50,000. Special offer • 2015 Porsche, just arrived, like new, £40,000”. Question Which TWO of the following statements are correct? A In relation to the Ferrari the statement on the whiteboard is an invitation to treat B In relation to the Ferrari the statement on the whiteboard is an offer C In relation to the Porche the statement on the whiteboard is an invitation to treat D In relation to the Porche the statement on the whiteboard is an offer Question On January 21 Benz came into the showroom and offered Alf £400,000 for the Ferrari. Alf told Benz that he would consider his offer and get back to him. On January 22 Alf phoned Benz and said he would definitely accept £450,000 for the Ferrari. Benz requested time to think about his decision. Alf agreed he would hold the offer to Benz open, and not accept an…
subject; accouting
Packed Corporation owns 60 percent of Snowball Enterprises’ stock. On January 1, 20X1, Packed sold $1.18 million par value, 6 percent (paid semiannually), 20-year, first mortgage bonds to Kling Corporation at 97. On January 1, 20X8, Snowball purchased $354,000 par value of the Packed bonds directly from Kling for $351,980. Required: Prepare the consolidation entry needed at December 31, 20X8, to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar
How is an offer terminated? options: 1) A counter-offer by the offeree. 2) The offeree makes enquiries regarding the terms of the offer. 3) When there is a breach of the term by the offeree after acceptance. 4) The offeror serves a notice of revocation within reasonable time after acceptance.
claim letter
1.What is risk management information system? Identify its benefits. 2.Explain the legal distinction between an agent and a broker.
Fresh Milk, Inc., is the offeror and Guernsey Dairy Farm is the offeree under a unilateral sales contract. Fresh is not notified of Guernsey's performance within a reasonable time. Fresh Select one: a. must assume that Guernsey has started to perform. O b. must contact Guernsey. O c. O d. may treat the offer as having lapsed. must assume that Guernsey has rejected the offer.
BUSINESS LAW BUSS2422 Akram posted the offer letter on 2 October 2020 to Salam to sell his Honda City for RM50 000 to be accepted by 10 October 2020. On 4 October 2020 Akram posted another letter to revoke his proposal. The revocation letter reached Salam on 9 October 2020. On 8 October 2020, Salam posted his acceptance letter accepting the proposal. Based on the facts above: (a) Advise Salam as to his legal rights against Akram in relation to the agreement. (b) Explain if your answer would be different if Salam posted the letter of acceptance after the letter of revocation reached him. Support your answer with relevant statutory provisions of the Contracts Act 1950 and decided cases. Format: Times New Roman 12 1% spacing Front cover - Standard Format Number of pages - Minimum 3 pages, maximum 5 pages

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