The Term Loophole When Used in a Legal Context Means

question 41

Multiple Choice

The term loophole when used in a legal context means:

• A)A way of complying with the spirit of the law rather than the letter of the law.
• B)A way of interpreting a law so as to circumvent its intended effect.
• C)A technological glitch in a computer system.
• D)An escape clause in a contract.

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Definitions:

Mobile Work Force

Employees who are equipped to work from various locations outside of a traditional office setting, facilitated by technology.

Recent Years

A term referring to the very latest past period, often without specifying the exact duration.

Defined Benefit Pension Plans

Retirement plans where an employer guarantees a specified pension amount to employees based on salary history and length of service.

Defined Contribution Plans

Retirement savings plans where the amount of the retirement benefits is determined by the contributions made by the employee and/or the employer.