Which of the following is true about contracts?
A) Long-term contracts are the easiest to negotiate,if economic environments are changing.
B) Renegotiating long-term contracts are the hardest when global competition is the least.
C) Employers try to avoid one-year contracts because it leads to higher employee morale.
D) Most contracts have automatic renewal provisions if not renegotiated.

Question

Quizplus · Accepted Answer

Most contracts have automatic renewal provisions if not renegotiated. This means that the contract will continue for a certain period of time even if the parties do not renegotiate the terms. This is a common practice in many types of contracts, including employment contracts, rental agreements, and service contracts. It helps to avoid misunderstandings and ensures that the parties continue with their obligations until the end of the contract term.

Which of the Following Is True About Contracts