Class 12 Exam > Class 12 Questions > Management and workers have entered into an a...
Start Learning for Free
Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.?
Most Upvoted Answer
Management and workers have entered into an agreement that workers wil...
Principle violated: Breach of Contract
Explanation:
Breach of contract occurs when one party fails to fulfill their obligations as agreed upon in a legally binding agreement. In this situation, the management and workers entered into a verbal agreement that the workers would do overtime to cover the losses of the company in exchange for an increase in wages. However, the management failed to fulfill their part of the agreement by refusing to increase the wages.
The following are the key points that explain the principle violated in this situation:
1. Contract: The verbal agreement between the management and workers constitutes a contract. A contract is a legally binding agreement that creates rights and obligations for the parties involved.
2. Obligations: Both parties have obligations under the contract. The workers are obligated to do overtime to cover the losses of the company, and the management is obligated to increase the wages in return.
3. Breach of Contract: The management's refusal to increase the wages constitutes a breach of contract. A breach of contract occurs when one party fails to fulfill their obligations as agreed upon in the contract.
4. Legal action: The workers have the right to take legal action against the management for breach of contract. They can seek damages for the loss suffered as a result of the breach.
In conclusion, the principle violated in this situation is the breach of contract. The management failed to fulfill their obligations as agreed upon in the contract, which constitutes a breach of contract. The workers have the right to seek legal action for the breach.
Explanation:
Breach of contract occurs when one party fails to fulfill their obligations as agreed upon in a legally binding agreement. In this situation, the management and workers entered into a verbal agreement that the workers would do overtime to cover the losses of the company in exchange for an increase in wages. However, the management failed to fulfill their part of the agreement by refusing to increase the wages.
The following are the key points that explain the principle violated in this situation:
1. Contract: The verbal agreement between the management and workers constitutes a contract. A contract is a legally binding agreement that creates rights and obligations for the parties involved.
2. Obligations: Both parties have obligations under the contract. The workers are obligated to do overtime to cover the losses of the company, and the management is obligated to increase the wages in return.
3. Breach of Contract: The management's refusal to increase the wages constitutes a breach of contract. A breach of contract occurs when one party fails to fulfill their obligations as agreed upon in the contract.
4. Legal action: The workers have the right to take legal action against the management for breach of contract. They can seek damages for the loss suffered as a result of the breach.
In conclusion, the principle violated in this situation is the breach of contract. The management failed to fulfill their obligations as agreed upon in the contract, which constitutes a breach of contract. The workers have the right to seek legal action for the breach.
Community Answer
Management and workers have entered into an agreement that workers wil...
Principle of discipline violated in this situation....because as management fail to fulfill their commitment...
|
Explore Courses for Class 12 exam
|
|
Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.?
Question Description
Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.?.
Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.?.
Solutions for Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? in English & in Hindi are available as part of our courses for Class 12.
Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? defined & explained in the simplest way possible. Besides giving the explanation of
Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.?, a detailed solution for Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? has been provided alongside types of Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? theory, EduRev gives you an
ample number of questions to practice Management and workers have entered into an agreement that workers will do overtime to cover up looses of the company. In return, the manager will increase the wages. But management later refused to increase the wages. Name the principle violate in this situation ?.? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup