Examlex
Which of the following are characteristics of intermittent manufacturing?
I. Work centers are arranged according to the routing.
II. Work centers are dedicated to producing a limited range of similar products.
III. Work flow through the shop is not constant.
IV. Throughput times are generally high.
Condition Precedent
A contractual clause that requires certain conditions to be met before the contract becomes legally binding.
Condition Subsequent
A specific condition in a contract that, when it occurs, ends the contract's obligations.
Exemption Clause
A contract term that limits the liability of one party under certain circumstances, often found in terms and conditions.
Fundamental Breach
A violation of a contract that is so severe it permits the aggrieved party to terminate the agreement and possibly seek damages.
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