Discussion
Statement: The next meeting of the Governing Board of the Institute will be held after one year.
Assumptions:
1. The Institute will remain in function after one year.
2. The Governing Board will be dissolved after one year.
Answer: A
That the meeting of the Governing Board will be held after one year means the Institute will be functioning at that time. So, I is implicit. The Board cannot be dissolved at the time" when its meeting starts. So, II is not implicit.
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