A(n)________ Is a Clause in a Contract in Which the Parties

question 9

Multiple Choice

A(n) ________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.

• A) approval clause
• B) novation agreement
• C) force majeure
• D) implied-in-fact condition

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Definitions:

Economy Operated

The manner in which a nation's economy functions, encompassing aspects such as production, distribution, and consumption of goods and services.

Transcontinental Railroads

Railroad lines that cross a continent, facilitating long-distance travel and transportation of goods across vast distances.

Civil War

A war between groups within the same country or state, often rooted in political, ethnic, or social differences.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment and the fall of global trade.