What are the two most common types of contracts?


Two kinds of contract are:
a. Express contract which has terms spelled out by the parties, usually in writing.
b. Implied contracts are contracts that the courts infer from company policies and the behavior of the parties or that are implied from the law.

Business

You might also like to view...

Examples of associated value include:

A) how reliably a web site stays up and running. B) product cost. C) product reliability or durability. D) the experience of dealing with the company.

Business

Collective team mental self-leadership strategies include:

a. mental imagery b. team self-talk c. thought patterns d. all of the above

Business

______ programs are a set of counseling and other services provided to employees that help them to resolve personal issues that may affect their work.

A. Contribution B. Work–life balance C. Spillover D. Employee assistance

Business

Answer the following statements true (T) or false (F)

1. Financial projections are usually very precise and correspond almost identically to reality. 2. Financial projections are built around sales in USD. 3. Linear trends are most useful. 4. For startup firms, projections over long time horizons are rarely supported by either historic data or by methodologies that have good predictive power. 5. When dealing with expenses, direct costs are not projected in the same manner as revenue.

Business