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:

Comparative Statements

Financial statements that present multiple periods of data to compare and analyze changes over time.

Management Discussion

Refers to the section in a company's annual report where executives analyze the company’s performance, trends, and financial health, often providing insights beyond the raw financial data.

Annual Report

An annual report is a comprehensive document prepared by a company detailing its financial performance, operations, and condition over the past fiscal year.

Critical Information

Vital data that is essential for decision-making, planning, or problem-solving within an organization.