When Parties Anticipate Than Various Unexpected Events May Occur and They

question 23

Multiple Choice

When parties anticipate than various unexpected events may occur and they allocate who shall bear the risk if any of these unexpected events occurs, the contract will include

• A)an implied term
• B)an entire agreement clause
• C)a force majeure clause
• D)a warranty
• E)a fundamental breach clause

---

Definitions:

Total Debts

The cumulative amount of all debts and liabilities a company or individual owes.

Total Assets

The sum of all owned resources (current and non-current assets) that a company possesses, which can be found on its balance sheet.

Assets Turnover

A financial ratio that measures the efficiency with which a company uses its assets to generate sales.

Sales

The activities involved in selling products or services to customers, encompassing strategies and processes for identifying customer needs, closing deals, and after-sales support.