What defines a contract of employment?

A contract of employment is fundamentally defined by the agreement between an employer and an employee regarding the terms of work, including the duration and compensation. Option C emphasizes that the employment is for a specific period and outlines a specific wage, which creates a clear and definitive understanding of the employment terms. This specificity is key in establishing the expectations of both parties involved in the contract, providing legal clarity regarding the duration of employment and the associated pay.

In employment contracts, it's important for both the employer and the employee to have a mutual understanding of how long the employment will last, whether it is for a fixed term or indefinite, and what the remuneration will be during that time. Clarity in these aspects helps prevent misunderstandings and protects the rights of both parties.

While other options may describe types of employment relationships, they do not encapsulate the essential characteristics that define a contract of employment as clearly as the chosen answer does. For instance, employment without a set period might lead to uncertainty, while employment based solely on hourly wages doesn't adequately describe the overall contractual relationship, and employment guaranteeing permanent status does not necessarily apply to all contracts. Thus, specifying both the term and wage provides a comprehensive understanding of the contractual agreement.