Why Do Turnkey Operators Often Require a Feasibility Study as Part

question 63

Multiple Choice

Why do turnkey operators often require a feasibility study as part of the contract?

• A)By adding to the cost, they earn more money.
• B)This lessens the risk of contract cancellation when political leadership changes.
• C)This lowers their risk of foreign-exchange losses.
• D)This helps to define what constitutes "satisfactory completion" of the project.

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Definitions:

Mirror Image Rule

In contract law, the rule that an acceptance must duplicate the terms in the offer.

Additional Terms

Refers to supplementary conditions or clauses added to an agreement or contract.

Materially

In a significant or substantial manner, especially in a way that affects a contract or legal decision.

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another with the understanding that the property will be returned.