A Larger Bonus Portion Compared with the Guaranteed Portion of a Contract

question 81

True/False

A larger bonus portion compared with the guaranteed portion of a contract creates more incentive.

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Definitions:

Non-negotiable

A term describing an instrument or agreement that cannot be transferred or altered by endorsement or negotiation.

Satisfactory Repair

denotes the condition in which an item or property has been fixed or restored to a state deemed acceptable by a reasonable standard or agreement.

Payable at a Definite Time

Refers to a financial obligation that is due to be paid on a specific date.

Fixed Date

A specific, agreed-upon date by which an event must occur or an action must be taken.