Question: 1) A clause in a contract that places a limit on the amount of damages due from a breach is a limitation of liability clause.

1)

A clause in a contract that places a limit on the amount of damages due from a breach is a limitation of liability clause.

True

False

2)

Clauses in a contract that specify that a certain event will end the contract before completion is a(n):

Option to terminate

Condition precedent clause

Frustration of contract clause

Condition subsequent clause

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