An onerous contract is one where the unavoidable costs of meeting the contract may or may not exceed the benefits derived from the contract.

Name: An onerous contract is one where the unavoidable costs of meeting the contract may or may not exceed the benefits derived from the contract.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

An onerous contract is specifically defined as one where the unavoidable costs of meeting the contract obligations exceed the economic benefits expected to be received from it.

An Onerous Contract Is One Where the Unavoidable Costs of Meeting