The Parties to a Contract May Be Released from the Provisions

question 33

Multiple Choice

The parties to a contract may be released from the provisions of the contract if unforeseeable circumstances prevent them from fulfilling the contractual obligations. This is also known as:

• A) Force majeure.
• B) Contract bar.
• C) Provisional intent test.
• D) Opener clause.

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Definitions:

Government Accountability Project

An advocacy organization focused on protecting whistleblowers and ensuring governmental transparency and accountability.

Ethical Corporate Practices

Business actions that adhere to morally sound principles and values, ensuring fairness, transparency, and respect for all stakeholders.

High Self-Esteem

High Self-Esteem refers to an individual's positive evaluation of self-worth and confidence in their own abilities.

Future Obligation

Commitments or responsibilities that are anticipated or required to be fulfilled in the future.