Asked by Gabrielle Gwizdala on May 28, 2024
Verified
An exculpatory clause is a provision in a contract that purports to relieve one of the parties from tort liability.
Exculpatory Clause
A contract provision that relieves one party from liability for harm caused during the execution of the contract.
Tort Liability
Legal responsibility arising from a civil wrong that causes harm or loss to an individual or property, not based on contracts.
- Gain insight into the purpose and limitations of exculpatory clauses in contractual documents.
Verified Answer
MV
Manish VishindasaniMay 31, 2024
Final Answer :
True
Explanation :
An exculpatory clause (often called a "release" or "liability waiver")is a provision in a contract that purports to relieve one of the parties from tort liability.
Learning Objectives
- Gain insight into the purpose and limitations of exculpatory clauses in contractual documents.
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