Which of the Following Is True of Employment Contracts

question 17

Multiple Choice

Which of the following is true of employment contracts?

• A) They are generally assignable.
• B) They are contrary to public policies.
• C) They involve personal rights.
• D) They involve the transfer of duties.

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Definitions:

Rescission

The act of voiding a contract and returning all involved parties to their original positions as if the contract had never existed.

Equitable Remedies

Legal remedies other than monetary compensation, including injunctions and specific performance, typically granted when money damages are not sufficient.

Plaintiff

The person or entity who initiates a lawsuit by filing a complaint with a court against a defendant.

Sustained Loss

A continuous or prolonged financial loss over a period, indicating an ongoing negative impact on an entity's financial health.