Retired People Often Return to the Workforce

question 24

Multiple Choice

Retired people often return to the workforce.If a retired woman returns to work at the same place from which she retired -- even if only part time or for a limited term -- that signifies that retirement is not a:

• A)transient state.
• B)steady-state.
• C)periodic state.
• D)absorbing state.

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Definitions:

Act for the Prevention of Frauds and Perjuries

Historical legislation requiring certain contracts to be in writing and signed to prevent fraudulent claims and perjury.

Main-Purpose Rule

A legal principle holding that if the main purpose of a guarantor's promise to pay another's debt is to serve the guarantor's own interests, the promise does not need to be in writing to be enforceable.

Secondary Obligation

An obligation that arises only after a primary obligation has not been fulfilled, often seen in guarantor or surety arrangements.

Statute of Frauds

A legal principle that requires certain contracts to be in writing and signed by the parties to be enforceable.