A Clause in a Contract That States That a Promoter

question 56

Multiple Choice

A clause in a contract that states that a promoter of a contract will cease to be liable under the contract once a corporation has adopted it,is called:

• A) An automatic novation clause
• B) An automatic agency clause
• C) An incorporation clause
• D) A bylaws clause

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Definitions:

Pay-per-view Movies

A service that allows consumers to pay for individual movies to watch rather than subscribing to a broad service offering.

Common Resource

A resource like air or water that is available to all but can be depleted by overuse.

Nonrival

A characteristic of a good or service indicating that one person's consumption does not diminish the availability of that good for consumption by others.

Market Economy

An economy in which decisions about production and consumption are made by individual producers and consumers.