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Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations.If inflation is actually 4 percent over the next year, which of the following will occur?
Contractual Intent
The clear intention of the parties to a contract to create a legally binding agreement.
Definite
Clearly stated or decided; not vague or doubtful, often referring to terms or conditions that are explicitly specified.
Adequate Communication
Effective exchange of information, ensuring all involved parties fully understand terms, expectations, or instructions.
Reserve
Funds or resources set aside for specific future use or to cover unexpected liabilities, or the practice of conserving natural resources.
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