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Please answer the MCQ law tests. The answers are either a, b, c, d, e or all. I don't need your definitions! Thank you. QUESTION

Please answer the MCQ law tests.

The answers are either a, b, c, d, e or all.

I don't need your definitions! Thank you.

QUESTION 1

Each party agrees that with respect to any confidential information of the other (the "Confidential Information"), (i) disclosed in writing and marked as confidential or (ii) disclosed orally with notice that such material is confidential and with a summary of such material provided in writing to the receiving party within five (5) business days of the disclosure, the receiving party shall not disclose such Confidential Information to third parties without the prior consent of the disclosing party and shall protect such COnfidential Information from unauthorized disclosure using at least the same degree of care it uses to protect its own Confidential Information. The foregoing obligation shall not apply to any information that (i) was or becomes part of the public domain through a source other than Consultant, (ii) was previously known to the receiving party from other sources, (iii) is independently developed without reliance on the Confidential Information, or (v) is required to be disclosed by law. The foregoing obligations shall apply for a period of two (2) years following disclosure.

a. INDEMNITY

b. ASSIGNMENT

c. GOVERNING LAW

d. NON-DISCLOSURE

e. CONFIDENTIALITY

QUESTION 2

In the event either party ceases conducting business in the normal course, becomes insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets or shall avail itself of, or becomes subject to, any proceedings under the laws of the United States or any other statute of any federal government, province or state relating to insolvency or the protection of rights of creditors, then the other party shall be entitled to terminate the Agreement, subject to the applicable insolvency legislation.

a. TERMINATION FOR CONVENIENCE

b. EXPIRY

c. TERMINATION

d. JURISDICTION

e. GOVERNING LAW

QUESTION 3

NO EVENT WILL THE TOTAL CUMULATIVE LIABILITY OF ABC CO. TO TESTER FOR ANY CLAIMS ARISING OUT OF OR RELATING TO THE AGREEMENT, EXCEED $100.00.

a. FORCE MAJEURE

b. LIMITATION OF LIABILITY

c. INDEMNITY

d. CAP ON DAMAGES

e. LICENSE GRANT

QUESTION 4

Unless otherwise indicated in the Statement of Work, all invoices are payable upon receipt. Any invoice not paid when due shall bear interest at the rate of eighteen percent (18%) per annum or the maximum rate permitted by law, whichever is less. Consultant shall be entitled to recover its collection costs, including legal fees and expenses. Consultant reserves the right to withhold delivery of Services and/or any Deliverables until Client has paid all overdue fees, charges and any applicable interest and collection costs owed to Consultant.

a. PAYMENT

b. LATE PAYMENTS

c. FORCE MAJEURE

d. LIMITATION OF LIABILITY

e. SHIPPING

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