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) disasters

Question

Quizplus · Accepted Answer

Contingencies refer to possible events or circumstances that may occur in the future and are often addressed in contracts. Liabilities are responsibilities or obligations that parties assume under a contract. Amendments refer to changes made to a contract after it has been signed. Disasters may be covered under contingencies, but "acts of God" are typically addressed specifically in contract language. Therefore, the best choice is A, contingencies.

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