A contractual clause that requires one party to assume the financial consequences of another party's legal liabilities is called a(n)
A) worker's compensation clause.
B) extra clause.
C) indemnification clause.
D) tort.

Question

Quizplus · Accepted Answer

An indemnification clause in a contract requires one party to assume the financial consequences of another party's legal liabilities. This is often used to protect a company from being held liable for any damages or legal fees that may arise from the actions of another party.

A Contractual Clause That Requires One Party to Assume the Financial