What Is the Legal Term Given to a Clause That

question 75

Multiple Choice

What is the legal term given to a clause that makes a contract enforceable against a buyer only if the buyer is able to secure a satisfactory building inspection?

• A) a liquidated damages clause
• B) a limitation of liability clause
• C) a condition subsequent
• D) a condition precedent

Analyze the impact of external events on market equilibrium.

Explain the effects of technological advancements on market outcomes.

Determine the consequences of changes in consumer income on inferior and normal goods.

Assess the impact of governmental regulations on market equilibrium.

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Definitions:

Algorithms

Very specific, step-by-step procedures for solving certain types of problems.

Mnemonic Devices

Techniques a person can use to help them improve their ability to remember something.

Emotional Intelligence

The awareness of and ability to manage one’s own emotions to facilitate thinking and attain goals, as well as the ability to understand emotions in others.

Traditional Views

Conventional or long-standing beliefs or opinions, often based on historical practices or societal norms.