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GCPM · Question #385

Which of the following is described in the statement below? "It is a common clause in contracts, which essentially frees both parties from liability or obligation when an extraordinary event or…

The correct answer is B. Force majeure. See the full explanation below for the reasoning.

Question

Which of the following is described in the statement below? "It is a common clause in contracts, which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term "act of God", prevents one or both parties from fulfilling their obligations under the contract."

Options

  • AExemption
  • BForce majeure
  • CException
  • DImmunity

How the community answered

(51 responses)
  • A
    10% (5)
  • B
    82% (42)
  • C
    2% (1)
  • D
    6% (3)

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