A buyer that would like to legally cancel the contract without liability for failure to complete performance would create
A. a no breach clause
B. an as-is clause
C. a buyers protection clause
D. a contingency clause
Answer: D. a contingency clause
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A company spends $15 million dollars for an office building. Over what period should the cost be written off?
A. When the $15 million is expended in cash B. After $15 million in revenue is recognized C. All in the first year D. Over the useful life of the building
Which of the following conditions would enable higher market share to produce higher profits?
A) when unit costs drop as market share increases B) when unit costs increase as market share increases C) when production volume drops as market share increases D) when production volume remains unaltered as market share increases E) when the company fails to break even