By this I mean that if the Text width will be bigger than the size of the container to not overflow or hide the excess, but to add new lines in order to make it fit.

I don't know which would be the best name for this but I imagine it being a true|false flag in order for the text to do that or not, and potentially add justification so it looks good in terms of spacing (though that could come later as It may be much harder to do).