Which of the Following Best Explains 'Unit Rate/charter Contracts

question 60

Multiple Choice

Which of the following best explains 'unit rate/charter contracts'? 

• A) Contractor agrees to work based upon compensation of all actual costs incurred plus profit margin. 
• B) Contractor agrees to work based upon compensation of all actual cost. 
• C) Contractor agrees to work based on projected costs only. 
• D) Contractor agree to work based on outcome of further negotiations.

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Definitions:

Causation

The relationship between cause and effect, where one event (the cause) directly leads to the occurrence of another event (the effect).

Duty of Care

A legal obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Battery

A civil wrong that occurs when one person intentionally and voluntarily brings about a nonconsented harmful or offensive contact with a person or something closely associated with him or her. Battery requires an actual contact.

Defense of Property

The right to use reasonable force to protect one's property from harm or theft.