Thanks to the EPA, the Federal Government Long Ago Eliminated

question 7

True/False

Thanks to the EPA, the federal government long ago eliminated the problem of potentially harmful pesticides and other chemical residues in food.

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Definitions:

Liquidated Damages

Pre-determined damages specified in a contract that the parties agree on as compensation if one party breaches the contract.

Option To Terminate

A provision in a contract that allows one or more parties to end the agreement under certain conditions, before the completion date.

Force Majeure

A major, unforeseen, or unanticipated event that occurs and prevents the performance of a contract.

Frustrated Contracts Act

Legislation that deals with contracts that, through no fault of either party, cannot be fulfilled due to unforeseen events.