Jill Has an Escalator Clause in Her Labor Contract That

question 91

Multiple Choice

Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (CPI) . Last year she earned $40,000 and the CPI was 100. If the CPI this year is 110, her new salary is:

• A) $40,110.
• B) $50,000.
• C) $40,100.
• D) $44,000.

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Definitions:

Dream Home

An idealized or perfect residence envisioned by an individual or family, often embodying one's aspirations for comfort, location, and features.

Contractual Clause

A provision included in a contract that specifies a particular requirement, obligation, or condition affecting the agreement's parties.

Specific Performance

A court order to perform the exact terms of a contract, rather than paying damages for failing to meet the terms.

Commercial Impracticability

A legal doctrine that excuses a party from performing its contractual obligations due to unforeseen events that make performance exceedingly difficult or expensive.