What Is a Force Majeure Event

question 16

Multiple Choice

What is a force majeure event? 

• A)any action that makes the contract unprofitable for either party
• B)any finding in a contract that shows a provision was deliberately left unclear
• C)a disruptive,unexpected occurrence for which neither party is to blame that prevents one or both parties from complying with a contract
• D)any happening that fulfills one of the conditions in the contract,making it enforceable

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Definitions:

Knowledge-Based

A system or process that is driven by the understanding, skills, and expertise of its participants rather than by mere access to raw data.

Inconsistent Product Definition

A scenario where there is a lack of clarity and coherence in the features, specifications, and requirements of a product across different stages of its development.

Interchangeable Parts

Components that are made to specifications that ensure they are so nearly identical that they will fit into any device of the same type.

Manufacturing

The process of producing goods and products in large quantities, typically utilizing machinery and labor in factories.