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Author Question: Explain the purpose of a force majeure clause.[br][br][b][color=#347235]Question ... (Read 93 times)

brutforce

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on: Jun 24, 2018
Explain the purpose of a force majeure clause.

Question 2

Transfer restrictions:
 A) must be noted on the stock to be valid.
 B) are generally valid only in family-owned corporations.
 C) cannot be used to satisfy SEC restrictions.
 D) None of the above


mjbamaung

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Its purpose is to excuse performance in circumstances not controlled by the parties such as political unrest, Acts of God (earthquakes, tsunamis, hurricanes), war, etc.

Answer to Question 2

A


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