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

Question

Quizplus · Accepted Answer

An indemnification clause requires one party to assume another party's legal liabilities, typically in a contract or agreement. This clause is also known as a hold harmless clause, and it can be used to protect against financial loss or damage caused by the other party's actions or negligence.

A Contractual Clause That Requires One Party to Assume the Financial