Explain the cause of action against times printing company


Discuss the below in detail:

Q: Nimocks was a promoter engaged in organizing the Times Printing Company. On September 12, on behalf of the proposed corporation, he made a written contract with McArthur for her services as comptroller for a one-year period beginning October 1. The Times Printing Company was incorporated October 16, and on that date McArthur commenced her duties as comptroller. Neither the board of directors nor any officer took formal action on her employment, but all the shareholders, directors, and officers knew of the contract made by Nimocks. On December 1, McArthur was discharged without cause.

(a) Has she a cause of action against the Times Printing Company?

(b) Has she a cause of action against Nimocks?

Solution Preview :

Prepared by a verified Expert
Auditing: Explain the cause of action against times printing company
Reference No:- TGS02022541

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)