Which of the Following Is an Example of an Implied

question 7

Multiple Choice

Which of the following is an example of an implied contract?

• A) Employment contract
• B) Housekeeping/maintenance contract
• C) Lease agreement
• D) Making a medical appointment
• E) Partnership agreement

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Definitions:

Balance

A state of equilibrium or equal distribution of weight, elements, or interests.

Harvest Strategy

A business plan for either selling a company, shutting down operations, or passing it onto another generation, often after reaching a certain level of maturity or profitability.

Venture-Building

The process of creating new businesses, typically by entrepreneurs or corporations, to explore new market opportunities.

Outside Advice

Consultation or recommendations from external experts or professionals to aid in decision-making or project planning.