Practice Delays, Suspensions, Terminations & Extensions (7) - General Principles of Contracts Management
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Delays, Suspensions, Terminations & Extensions

Practice - Delays, Suspensions, Terminations & Extensions

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is an excusable delay?

💡 Hint: Think about events that can't be controlled.

Question 2 Easy

What does termination for convenience mean?

💡 Hint: It’s about having flexible exit options.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is the definition of a force majeure event?

A contract breach
An unforeseen event
Normal project delay

💡 Hint: Think about events that are out of control.

Question 2

True or False: Liquidated damages are penalties for contractual breaches.

True
False

💡 Hint: Reflect on the difference between the two terms.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Imagine you are a contractor who has faced an unexpected health crisis disrupting work. Discuss the steps you would take to manage this situation regarding delays and documentation.

💡 Hint: Focus on communication and thorough documentation.

Challenge 2 Hard

Evaluate how a company can protect itself from potential liquidated damages when engaged in contracts that might face numerous uncertainties.

💡 Hint: Think about clarity in terms and contingencies.

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