Margaret applies for a position as a bank manager. On the application there is a section that asks if the applicant has any history of criminal charges involving money. In the past, Margaret faced embezzlement charges, but she does not disclose this to the bank in her application. If the bank hires Margaret and then finds out about her history the bank will be able to rescind the employment contract based on intent to deceive.
Explanation:
The term Rescind means to cancel.
Once the bank discovers the fact that Margaret has hidden her criminla background facts ,in this case her employer will cancel her employment contract because she has intentionally tried to hide the fact with an intention that can be harmful to the organization
So the decision taken by the bank to rescind the employment contract based on intent to deceive is advisable and holds true in such situation
