A Contractual Clause That Requires One Party to Assume the Financial

question 109

Multiple Choice

A contractual clause that requires one party to assume the financial consequences of another party's legal liabilities is called a

• A)worker's compensation clause.
• B)extra clause.
• C)indemnification clause.
• D)tort.

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Definitions:

Organizational

Pertaining to the structure or coordination of an organization, including its processes, systems, and management practices.

Socialize Members

The process of integrating new members into a group, team or organization, teaching them its norms and values.

Organizations

Entities composed of individuals working together towards common goals or objectives, structured in a systematic way.

Groups

Collections of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity.