________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance.
A) Approval clause
B) Express condition
C) Force Majeure
D) Implied-in-fact condition

Question

Quizplus · Accepted Answer

The clause described in the question is called a force majeure clause, which allows the parties to be excused from performing their contractual obligations due to unforeseeable and unavoidable events beyond their control. These events could be natural disasters, acts of war or terrorism, or government actions, among others. The force majeure clause sets out the specific events that would trigger its application and the consequences for non-performance.

________ Is a Clause in a Contract in Which the Parties