Hợp đồng & Thực hiệnCâu 830 / 1605
A 'force majeure' clause in a construction contract typically addresses:
a.The arbitration venue
b.The maximum profit a contractor may earn
c.How change orders are priced
d.Excusable delays caused by events beyond the parties' reasonable control, such as natural disasters
Giải thích
A force majeure clause allocates the risk of extraordinary events beyond the parties' reasonable control, such as natural disasters, severe weather, war, or government orders, typically by excusing or extending time for performance rather than treating the delay as a breach. It does not set profit caps, price change orders, or fix the arbitration venue; its function is to relieve a party from liability for delays caused by qualifying uncontrollable events.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contract states, 'Liquidated damages of $500 per day shall apply for each day completion is late beyond the substantial completion date.' If the contractor finishes 10 days late, the owner's presumptive recovery under a valid clause is:
- When a contract states that 'time is of the essence,' it means:
- In the absence of a 'time is of the essence' clause or a specified completion date, a contractor is generally obligated to complete the work:
- Binding arbitration as a method of dispute resolution generally means:
- How does mediation differ from binding arbitration?
- A construction contract contains a valid clause requiring the parties to arbitrate all disputes. If one party nonetheless files a lawsuit in court, the other party can typically:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)