An agreement in which an organisation is not accountable for any damages that occur during a contract is known as what?
This is a Hold Harmless Agreement and the definition is given on p. 26. A Waiver of Subrogation is a related term which stops an insurance firm claiming money back from someone in the contract - see p.26 for more info.
Which of the following will you put into box 1?
The correct answers are as follows:
This is consequential loss. Brian Air is going to lose the profits from the sales of the flights it had sold. Now those flights won't go ahead Brian Air can claim for consequential loss which would help balance the books.
Which of the following will you put into box 1?
The correct answers are as follows:
This is consequential loss. Brian Air is going to lose the profits from the sales of the flights it had sold. Now those flights won't go ahead Brian Air can claim for consequential loss which would help balance the books.
A warranty is a minor term of a contract. Is this TRUE?
The correct answer is 1. The statement is True so the answer needs to start with 'yes'. Therefore options 3 and 4 should be discounted. Option 2 is incorrect a warranty does NOT affect the prime benefit of the contract. See p. 126 for more details on Contractual Warranties and Conditions
Which of the following will you put into box 1?
The correct answers are as follows:
The answer is avoid because they have postponed a meeting.
