A contract between a company in the U.S. and one in China, contained a clause that stated: "If an event happens which is extraordinary and out of the control of the parties such as a strike, act of God, fire, accident, or transportation difficulties, then the affected party shall be relieved of its obligations under the contract." This type of clause is
a. an objective impossibility clause.
b. a force majeure clause.
c. a concurrent condition clause.
d. a condition precedent clause.
b
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Indicate whether the statement is true or false
According to the following information, what is the firm's optimal capital structure? Proportion Earnings Per Weighted Average Cost of Debt Share (EPS) of Capital (WACC) 30% $2.50 13.2% 40 3.80 12.7 50 4.75
12.4 60 5.25 12.8 A. 30% B. 40% C. 50% D. 60% E. To determine the optimal capital structure, the market value of the stock must be known.
A company launching 100% through boostrapping would use this source of funding
a. angel investor b. venture capital funds c. the use of personal funds d. a bank loan
Changes in the capital gains tax rate, or in the tax deductibility on municipal bonds are examples of ________ risk
A) inflation B) political and regulatory C) interest rate D) exchange rate risk E) none of the above