A Fact That Is Important to the Subject Matter of a Contract

question 74

Multiple Choice

A fact that is important to the subject matter of a contract is called a(n) _________ fact.

• A) unilateral
• B) important
• C) material
• D) explicit

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Definitions:

One Up, One Down

A communication strategy in hierarchical structures where one person has a position of superiority or authority over the other.

Achieve Status

The process of gaining social, professional, or personal recognition.

Canadian Company

A business entity that is incorporated, registered, or has a substantial business presence within Canada.

Negotiate

The process of discussing and arriving at a mutual agreement between parties with differing interests.