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You Dropped in on the Vice President of HR and Saw

question 53

Multiple Choice

You dropped in on the vice president of HR and saw a large poster tacked on her wall. It showed the key jobs in the organization with the names of the current incumbents in black. In red, it listed the names of current employees who might be used to fill vacancies in each position. As you tried to find your own name on the chart, the HR vice president quickly ushered you out of her office. What you have just seen is a(n) _____.


Definitions:

Implied Term

A provision in a contract that is not expressly stated but is necessary to give effect to the parties' intentions and ensure fairness.

Exculpatory Clause

A contractual provision that relieves one party from liability for damages caused during the execution of the contract.

Negligence Liability

A type of liability that arises when an individual fails to take reasonable care to avoid causing injury or losses to another person.

Landlords

Property owners who rent out real estate to tenants under a lease agreement.

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