A Contractual Clause That Requires One Party to Assume the Financial

question 96

Multiple Choice

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

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

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Definitions:

Proportional

A relationship between two quantities where they increase or decrease at the same rate.

Network Externalities

The effect that an additional user of a good or service has on the value of that product to others, often positive in the case of products that become more valuable as more people use them.

Significant

Importance in a statistical or substantive sense, often used to describe findings that are not likely to be due to chance.

Systems Competition

Competition among different standards or platforms that provide distinct systems of products, services, or technologies, rather than competition within a single system.