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Escalators Present in a Contract Must State

Question 6

Multiple Choice

Escalators present in a contract must state:


A) at what interval the contract price should automatically change at a fixed rate.
B) when the price will change and by what formula the new price will be calculated.
C) when the contract should be terminated and how the cost of termination should be shared.
D) when the contract should be renewed and the terms governing the renewal.

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