An 'Implied Term' Is

question 26

Multiple Choice

An 'implied term' is:

• A)A statement of fact.
• B)A term of a contract explicitly agreed upon by the parties.
• C)A term included in a contract as a result of the operation of a certain legal rule although not necessarily discussed by the parties.
• D)A term incorporated into the contract by the operation of legislation.

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Definitions:

Personal Loss

An individual's experience of losing something significant in their life, which can include the death of a loved one, loss of a job, or end of a relationship.

General Electric

A multinational conglomerate corporation involved in various sectors, including aviation, power, renewable energy, and healthcare, among others.

Management Values

The beliefs and principles that guide the decision-making and behaviors of managers and influence the organizational culture.

Jack Welch

A renowned business executive recognized for his leadership at General Electric, significantly transforming the company's performance and culture.