A Term Becomes an Express Term of a Contract When

question 59

Multiple Choice

A term becomes an express term of a contract when:

• A)Included in a signed, written contract or brought to the attention of the other party by reasonable notice.
• B)It is a significant or important term.
• C)It is necessary for the proper performance of the contract.
• D)It was not specifically agreed upon but was implied by statute or the operation of a legal rule.

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Definitions:

Customer List

A collection or database of customers who have previously purchased from or interacted with a business.

Fair Labor Standards Act

A United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full- and part-time workers.

Minimum Wage

The lowest wage permitted by law or by a special agreement (such as one with a labor union).

Overtime Pay

Additional compensation paid to employees who work beyond the standard hours designated in their employment contract.