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:

Premium

An amount paid for an insurance policy or added to the regular price of something.

Diversification

The strategy of spreading investments across various financial instruments, industries, or other categories to reduce risk.

Investment

entails the allocation of resources, usually money, into assets or projects expected to generate returns or profits over time.

Risk

The exposure to uncertainty or the potential of loss that can occur as a result of an investment's actual return differing from the expected return.