Which statement about common law contracts is correct?
A - HSC - SSCE Business Studies - Question 4 - 2021 - Paper 1
Question 4
Which statement about common law contracts is correct?
A. Common law contracts are determined by the Fair Work Commission.
B. Common law contracts are required to ... show full transcript
Worked Solution & Example Answer:Which statement about common law contracts is correct?
A - HSC - SSCE Business Studies - Question 4 - 2021 - Paper 1
Step 1
A. Common law contracts are determined by the Fair Work Commission.
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Answer
This statement is incorrect. Common law contracts are not determined by the Fair Work Commission, which primarily oversees modern awards and workplace relations.
Step 2
B. Common law contracts are required to pass the 'better off overall test'.
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Answer
This statement is incorrect. The 'better off overall test' applies to modern awards, not common law contracts.
Step 3
C. Common law contracts are negotiated by unions on behalf of employees.
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Answer
This statement is incorrect. Common law contracts are typically negotiated between individual employees and employers, rather than through union negotiations.
Step 4
D. Common law contracts are between individual employees and their employer.
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Answer
This statement is correct. Common law contracts are agreements that exist between individual employees and their employers, establishing the terms and conditions of employment.
