A Contractual Provision Insisted Upon by a Bidder Limiting the Ability

question 36

Multiple Choice

A contractual provision insisted upon by a bidder limiting the ability of board members to negotiate with other bidders is referred to as a(n) __________ clause.

• A) obedience
• B) loyalty
• C) negotiation
• D) no-talk

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Definitions:

Article III

Pertains to the section of the U.S. Constitution that establishes the judicial branch of the federal government.

Constitution

Core rules and time-honored norms that dictate how a state or similar entity is administered.

Federal Judicial Power

The authority granted to the federal courts and justices to interpret and apply the law in legal cases under the U.S. Constitution.

Article III

Refers to a section of the U.S. Constitution that establishes the judicial branch of the federal government.