A(n)_______ Contract Is Illegal from the Beginning and May Not

question 32

Multiple Choice

A(n) _______ contract is illegal from the beginning and may not be enforced by either party;a(n) _______ contract is legal but permits one party to escape,if he or she so wishes.

• A)disaffirmed;affirmed
• B)void;voidable
• C)affirmed;disaffirmed
• D)voidable;void

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Definitions:

HMO

Health Maintenance Organization, a type of health insurance plan that requires members to access healthcare services from a specific network of providers.

PBGC

Pension Benefit Guaranty Corporation; a federal corporation created to protect the retirement incomes of workers in private-sector defined benefit pension plans in the United States.

Least-expensive Benefits Package

A benefits plan that offers the minimum required level of benefits at the lowest possible cost to the employer.

HR Department

The division within an organization responsible for overseeing employment-related matters, including recruitment, training, benefits, and compliance with labor laws.