In a Conflict Between the Express Terms of the Contract

question 27

Multiple Choice

In a conflict between the express terms of the contract and trade usage:

• A)trade usage prevails.
• B)express terms prevail.
• C)the contract is invalid.
• D)implied terms prevail.

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Definitions:

Compliance Program

A formalized system within organizations that helps ensure adherence to laws, regulations, and company policies.

Trust

The reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Ethical Climate

The collective perception of what is ethically right or wrong in an organization and how ethical issues are addressed.

Enhanced Outcomes

Results or consequences that exceed the original expectations or objectives, often through improved efficiency, effectiveness, or quality.