In an FPI Contract, All of the Risk Is Borne

question 65

True/False

 In an FPI contract, all of the risk is borne by the buyer.

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Definitions:

Language Acquisition Device

A hypothetical module of the human mind posited to account for children's innate ability to acquire language rapidly as proposed by linguist Noam Chomsky.

Chomsky

Refers to Noam Chomsky, an influential linguist and cognitive scientist known for his theories on language acquisition.

Grammar

A group of established principles that control the formation of words, phrases, and clauses in a particular natural language.

Reduced Risk

Pertains to lowering the likelihood or severity of potential negative outcomes or harms.