Question: What is Exculpatory Clause?

What is Exculpatory Clause?

Step by Step Solution

★★★★★

3.45 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

An exculpatory clause is a legal provision found in contracts that aims to release one party from li... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

608145db46f9d_10590.pdf

180 KBs PDF File

Word file Icon

608145db46f9d_10590.docx

120 KBs Word File

Students Have Also Explored These Related Law Questions!

Q:

a. Why did Loudeye include an exculpatory clause in its charter? b. Does this benefit anyone other than the director? c. Does cumulative voting favor management or shareholders? d. Why did Gulf Oil...

Q:

Make an argument that the exculpatory clause was fair.

Q:

Make an argument that the exculpatory clause is not fair.

Q:

CHAPTER 1: COMMON LAW CONTRACTS 1.1 FORMING CONTRACTS 1.1.1 INTRODUCTION Commercial law begins with forming contracts. You can review the elements of contract formation here (Section 9.1). Most gyms...

Q:

Answer the following questions using the facts provided, as well as the form and case opinions included below. Be sure to address each part of each question in your answers. Questions 1. Ms. Anderson...

Q:

Skim the paper "Public Pension Promises: How Big Are They And What Are They Worth?" by Robert Novy-Marx and Josh Rauh (Journal of Finance, 2011). Here is the link:...

Q:

Please help me fill in the blanks, I would appreciate the help. Define an "Accord and Satisfaction". State which of the following scenarios is a valid enforceable contract AND STATE WHY OR WHY NOT...

Q:

TOM Ons www. W Herenta De th 100 dhe wwwwwwwwwwww CT TOM Ons www. W Herenta De th 100 dhe wwwwwwwwwwww CT

Q:

Which of the following exculpatory clauses will most likely be enforceable? a. An exculpatory clause that relieves a riding stable of negligence. b. An exculpatory clause that relieves a riding...

Q:

Evergreen Point ( EP ) is an amusment park in Ohio. Kenny and Eric buy tickets to the park to ride the wonderfull rollercoasters and other thrill rides. On the back of their tickets is the following...

Q:

On 2 January 2016, Mentos Ltd purchased a machine for $35 000 plus GST with a useful life of 5 years and a residual value of $5000. In order to keep the machine running properly, the company has...

Q:

(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess of $5 million. It generally...

Q:

Asa provides consulting services to small businesses. He has a dedicated office that is used exclusively and regularly. The house is 3,200 square feet, and the office is 275 square feet. Asa did not...

Q:

1. A firm has 1,000,000 shares outstanding with a price per share of $25.10 (previous to any dividend payment). It decides to pay out cash dividend of $2,100,000. What will the share price be after...

Q:

QWE Bank Limited originates a pool of 250 mortgages, each with 30-year maturity and averaging $250,000 with an annual mortgage coupon rate of 6 percent. The mortgage backed security insurance fee is...

Q:

On 15 November 2019, a wheat farmer became concerned that by the time her 200 metric tonne crop was ready for delivery in April 2020 that the price would fall below $335 per tonne - her break-even...

Q:

As the WACC declines Select one: O a. The project's IRR increases O b. The project's NPV increases 0 . The project's NPV decreases 0 d. The project's IRR decreases For a firm, the weighted average...

Q:

Pearl Medavoy will invest $10,240 a year for 20 years in a fund that will earn 10% annual interest. . If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If...

Q:

1. You established a straddle on Tesla using June 2021 call and put options with a strike option of $665. The call premium cost is $59.90 and the put premium is $63. a) What is the most that you can...

Q:

If students completed the assignments on selecting a state of incorporation, draw a chart on the board, listing the different states and the reasons for their selection. Do the results show any...

Q:

a) How did this dispute arise? b) On what basis did he disaffirm? c) Did he fail to disaffirm properly? d) Then why didn't BMC honor his disaffirmance? e) In this part of its opinion does the court...

Q:

a) Did the Does move to quash the subpoena only because they sought to block the investigation? b) If those communications were confidential, than why may the Board of Social Work abrogate the Does'...

Q:

Consider the following population: 3 6 9 a. Calculate the population mean. b. Select, with replacement, and list each possible sample of size 2. Also, calculate the sample mean for each sample. c....

Q:

Procter & Gamble (P&G) merged with Gillette in 2005. One of the concerns the new, larger company has is the increasing burden of retirement expenditures. An effort is being made to encourage...

Q:

The Bureau of Transportation Statistics releases information concerning the monthly percentage of U.S. airline flights that land no later than 15 minutes after scheduled arrival. The average of these...