Hợp đồng & Thực hiệnCâu 883 / 1605
An 'indemnification' (hold harmless) clause in a construction contract generally requires one party to:
a.Compensate or protect the other party against certain specified losses, claims, or liabilities
b.Extend the completion date automatically
c.Perform the other party's work for free
d.Waive the right to be paid
Giải thích
An indemnification or hold-harmless clause shifts risk by requiring one party (the indemnitor) to reimburse or defend the other (the indemnitee) against specified losses, claims, damages, or liabilities, often those arising from the indemnitor's work or negligence. Such clauses are subject to statutory limits in some contexts. They do not require free performance of another's work, a waiver of payment rights, or an automatic schedule extension; their function is allocating liability risk.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contract that is unfair and one-sided to the point of shocking the conscience, formed under grossly unequal bargaining power, may be held unenforceable as:
- A 'scope of work' provision in a construction contract is important primarily because it:
- When a contract's documents conflict, an 'order of precedence' clause is used to:
- A 'severability' (savings) clause provides that if one provision of the contract is found invalid:
- An 'attorney fees' clause in a contract typically provides that:
- A contractor and owner sign a contract, then later sign a separate written agreement that clearly changes the completion date and adds $6,000 in scope. This later signed agreement is best described as:
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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)