Which of the Following Is a Key Characteristic of an Implied

question 44

Multiple Choice

Which of the following is a key characteristic of an implied employment contract?

• A) It is valid only if in writing.
• B) It contains terms that judges read into employment contracts when the written contract does not expressly deal with the matter.
• C) It exists after an employee passes his or her probation period.
• D) It covers approximately 90 percent of the Canadian workforce.

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Definitions:

Mergers

The combination of two or more companies into a single legal entity, often to achieve greater efficiency or market share.

Surviving LLC

A term used to describe a limited liability company that continues to exist after a merger or consolidation, absorbing the assets and liabilities of the other entity.

LLC

Limited Liability Company; a business structure in the United States that protects its owners from personal responsibility for its debts or liabilities.

Share Profits

The division of net profits among the shareholders or partners of an organization.