An Obligation Imposed by Law Where There Has Been No

question 58

Multiple Choice

An obligation imposed by law where there has been no agreement or expression of assent by word or act on the part of either party involved is a(n) :

• A) implied in fact contract.
• B) express contract.
• C) void contract.
• D) quasi contract.

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Definitions:

Voluntary International Standards

Guidelines and principles that organizations can choose to follow, which are designed by international bodies to ensure quality, safety, and efficiency.

International Organization for Standardization

An international body that develops and publishes a wide range of proprietary, industrial, and commercial standards.

Corporate Governance

The framework of regulations, practices, and procedures through which a corporation is governed and managed.

Sustainability

The practice of maintaining processes or systems in ways that do not deplete resources or harm natural cycles, ensuring long-term environmental health.