The Statement Relating to Workers' Compensation Insurance That Is Not

question 7

Multiple Choice

The statement relating to workers' compensation insurance that is not true is:

• A)It relates to an insurance scheme,imposed by law,whereby the employer purchases insurance which may be used to compensate employees for job related injuries and loss of wages
• B)It is compulsory for all employers to obtain this cover
• C)The premium is deducted from employees' salaries and wages
• D)The premium is based on a percentage of the total wages and salaries bill for the coming year

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Definitions:

Entores Ltd.

A landmark case in contract law that established the principle that an acceptance of an offer becomes effective when communicated.

Telex

A communication network system used to send text messages through a network of teleprinters, historically significant before the advent of modern digital communications.

Postbox Rule

A legal principle that deems an offer accepted once the acceptance is posted, not when it is received by the offeror.

Counter-Offer

A response to an initial offer, proposing different terms in an attempt to reach a mutual agreement.