Hợp đồng & Thực hiệnCâu 844 / 1605
A 'termination for convenience' clause allows a party (often the owner) to:
a.Terminate only if the contractor commits fraud
b.End the contract without alleging fault, typically while compensating the contractor for work performed and certain costs
c.Avoid paying for any completed work
d.Extend the contract indefinitely
Giải thích
A termination for convenience clause permits a party, commonly the owner, to end the contract even without the other party being at fault. In exchange, the terminated contractor is generally entitled to payment for work already performed plus specified costs, and sometimes limited overhead, but usually not lost anticipated profit on unperformed work. It does not require fraud or fault, and it does not let the owner escape paying for work already done; it is a no-fault exit mechanism.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following is generally an EXCEPTION where evidence outside the written contract may still be admitted despite the parol evidence rule?
- A written contract contains a clause stating, 'This document is the entire and final agreement of the parties, and no other promises apply.' This is known as:
- Termination of a construction contract 'for cause' typically means the contract is ended because:
- A contract may be discharged (obligations ended) by all of the following EXCEPT:
- The distinction between a breach of contract and a tort is important because:
- A contractor negligently causes a fire that damages a neighbor's property with whom the contractor has no contract. The neighbor's claim against the contractor most likely sounds in:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)