Which of the Following Best Describes an Implied Term

question 3

Multiple Choice

Which of the following best describes an implied term?

• A)It is a statement expressed by one of the parties.
• B)It is sometimes inserted into a contract by a court.
• C)It cannot create an enforceable legal obligation.
• D)It can be used to rectify a mistake in a contractual document.
• E)It is always based on the standard in the industry that the parties are engaged in.

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Definitions:

Accountant

A professional responsible for managing and examining financial records, ensuring accuracy, and compliance with financial laws and regulations.

Meta-analysis

A statistical technique for combining the results of multiple studies to arrive at a comprehensive conclusion.

Job Performance

The effectiveness with which job incumbents execute their job tasks and responsibilities.

Marker Variable

A variable used as an indicator or proxy for another variable in statistical analyses.