A force majeure clause in a contract is a contract provision that excuses performance by...

50.1K

Verified Solution

Question

Finance

image

A force majeure clause in a contract is a contract provision that excuses performance by a party when: an act that was legal at the time of the contract, is subsequently made illegal. the performance is made impossible by the wrongful act of the other party. death or physical incapacity occurs, making it impossible to perform the services of the contract. an extraordinary event outside the party's control occurs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students