Asked by Kolbie Dickerson on Sep 30, 2024
Which of the following is true regarding an exculpatory clause?
A) It is illegal in nature.
B) It is also termed a "release."
C) It is invalid in negligence cases.
D) It imposes strict liability on the guilty party.
Exculpatory Clause
A contract provision that releases one party from liability or legal consequences of their actions to another party involved.
Release
In legal terms, an agreement where one party frees another from liability, claims, or demands.
- Comprehend the legal ramifications of incorporating exculpatory clauses within contracts.
Learning Objectives
- Comprehend the legal ramifications of incorporating exculpatory clauses within contracts.
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