Excuse of Nonperformance Due to Natural Disasters Is Typically Covered

question 79

True/False

Excuse of nonperformance due to natural disasters is typically covered under a force majeure clause.

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Definitions:

Stock Exchange Bid

An offer made by an investor to buy a specific number of shares at a specified price on a stock exchange.

Control Block

A large number of shares, sufficient to give the shareholder significant influence or control over the company.

Strategic Alliance

A collaborative agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.

Defensive Merger Tactics

Strategies employed by companies to avoid being acquired against their will, including poison pills, golden parachutes, and white knights.