Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following describes a contractual provision that may be used to mitigate risks? Select all that apply. Group of answer choices Forum selection

Which of the following describes a contractual provision that may be used to mitigate risks? Select all that apply.

Group of answer choices

Forum selection clauses, which determine the forum for litigation of disputes arising out of the contract.

Conditions subsequent, which mitigate the risk of being obligated by providing that a party is discharged if a specified event occurs.

Severability clauses, which provide that an illegal or unenforceable provision in a contract will not render the entire contract void.

Liquidated damages provisions, which mitigate risk by providing for a pre-determined amount of damages in the event of a breach of contract.

Conditions precedent, which mitigate the risk of being obligated by requiring that a specified event must occur before a party becomes obligated.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value Investing

Authors: Mike Hartley

1st Edition

979-8864443309

More Books

Students also viewed these Finance questions