Force Majeure Clauses Deal with Quasi-Contracts Under the Old and New

question 119

True/False

Force majeure clauses deal with quasi-contracts under the old and new UCC.

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Definitions:

Communal-sharing Relationship

A type of relationship where members of a group share resources and responsibilities equally, without regards to individual input.

Future Interaction

The anticipated exchange or engagement between parties in the time ahead.

Party's Outcomes

The results or consequences experienced by an individual or group following a decision, action, or negotiation.

Gathering Information

the process of collecting data or facts to enhance understanding or make informed decisions.