A Contract Between a Company in the U

question 30

Multiple Choice

A contract between a company in the U.S.and one in China,contained a clause that stated: "If an event happens which is extraordinary and out of the control of the parties such as a strike,act of God,fire,accident,or transportation difficulties,then the affected party shall be relieved of its obligations under the contract." This type of clause is

• A)an objective impossibility clause.
• B)a force majeure clause.
• C)a concurrent condition clause.
• D)a condition precedent clause.

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Definitions:

Inhibitions

Psychological or emotional barriers that restrain or prevent certain actions, thoughts, or feelings, often based on social norms or personal fears.

Judgment

The cognitive process of evaluating or making decisions about something or someone based on available information and personal criteria.

Social Contagion Effect

The phenomenon where behaviors, attitudes, or emotions spread through a group or society, often magnified by social networks and media.

Stress Disorder

A type of mental disorder characterized by significant distress or impairment in social, occupational, or other important areas of functioning, arising from the exposure to traumatic or stressful events.