A good contract will spell out ________, or unforeseeable "acts of God" beyond anyone's control, for which neither party is responsible.
A) Contingencies
B) Liabilities
C) Amendments
D) Alterations
E) Modifications

Question

Quizplus · Accepted Answer

Contingencies refer to unexpected events or circumstances that may impact the contract. Unforeseeable "acts of God" are considered contingencies and a good contract will have a clear plan of action in case they occur. Liabilities, amendments, alterations, and modifications are all related to changes or responsibilities within the contract and do not specifically address unforeseeable events beyond anyone's control.

A Good Contract Will Spell Out ________, or Unforeseeable "Acts