Which of the Following Is Not One of the Requirements

question 37

Multiple Choice

Which of the following is not one of the requirements needed to be satisfied in order for a particular term to be implied into a contract?

• A)The term is necessary to make the contract viable.
• B)If the term is not implied into the contract one of the parties will suffer loss or damage.
• C)The term is able to be clearly expressed.
• D)The term is consistent with the expressed terms.

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Definitions:

Preferred Shareholders

Investors who hold preferred shares in a company, giving them priority over common shareholders in dividend payments and assets during liquidation.

Common Shareholders

Owners of common shares in a company, entitled to vote at shareholder meetings and receive dividends.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.

Lowest Terms

This term is used in mathematics, particularly fractions, to describe a fraction that has been simplified to its smallest possible numerator and denominator.