Utah General Contractors - Business and Law Practice Exam

The details of the contract regarding who, how, what, how much, how many, when, etc., are called its____________.

1. Provisions or terms

2. Obligations

3. Conditions

4. Regulations

The correct answer is: Provisions or terms

The details of the contract regarding who, how, what, how much, how many, when, and other specifics are referred to as provisions or terms. This terminology reflects the specific clauses and stipulations within a contract that define the rights and responsibilities of the parties involved. These provisions establish the framework of the agreement, ensuring clear understanding and accountability in the execution of the contract. Obligations refer to the duties that each party is required to fulfill under the terms of the contract but do not encompass all the detailed clauses. Conditions typically refer to specific stipulations that must be met for certain outcomes within the contract, which is a more limited scope than the overall terms. Regulations usually pertain to laws or guidelines established by governing bodies and do not refer to the specific content of a contract itself. Hence, “provisions or terms” is the most fitting description for the overall contract details.