A Clause Apportioning the Liability and Responsibilities of the Parties

question 63

Multiple Choice

A clause apportioning the liability and responsibilities of the parties in the event of an unforeseeable occurrence, such as a typhoon, tornado, or other disaster is a(n) :

• A) act of state clause.
• B) OPIC clause.
• C) letter of credit.
• D) force majeure clause.

---

Definitions:

Increasing Younger Workforce

A trend where businesses experience an influx of younger employees, impacting workplace dynamics and expectations.

Asset Bubbles

A market phenomenon characterized by rapid increases in the valuation of a particular asset class above its fundamental value, followed by a sudden crash.

Illicit Trade

The trade of goods that are illegal or prohibited by law.

National Debt

Money owed by the government to individuals, businesses, and government agencies who purchase Treasury bills, Treasury notes, and Treasury bonds sold to cover expenditures.