Which of the following item is CORRECT about termination?
A: Convenience termination provisions address the defaults of G
B: Default termination provisions refer to the owner’s termination without disclosing reasons.
C: The owner can involve the third party to complete the work if the original contract is terminated.
D: Provisions dealing with payment result from termination is not critical because GC and the owner can always bargain.
A: Convenience termination provisions address the defaults of G
B: Default termination provisions refer to the owner’s termination without disclosing reasons.
C: The owner can involve the third party to complete the work if the original contract is terminated.
D: Provisions dealing with payment result from termination is not critical because GC and the owner can always bargain.
举一反三
- Which of the following statements regarding early termination of a forward contract is TRUE() A: There is no way to terminate a forward contract early. B: A party who enters into an offsetting contract to terminate has no risk. C: Early termination through an offsetting transaction with the original counterparty eliminates default risk.
- Which of the following statements regarding early termination of a forward contract is most accurate A: A party who enters into an offsetting contract to terminate has no risk. B: A party who terminates a forward contract early must make a cash payment. C: Early termination through an offsetting transaction with the original counterparty eliminates default risk.
- A termination for “convenience” is ___.
- The consequence of a force majeure event on the contract are ( ). A: Suspension or termination of the contract B: Renewal or cancellation of the contract C: Revision or suspension of the contract D: Reclassification or termination of the contract
- Which of the following is true of bacterial translation termination?() A: The ribosome continues to synthesize protein until it reaches the 3' end of the mRN B: Termination requires the degradation of the ribosome. C: Termination is signaled by the presence of a stop codon in the mRN