4. Exculpatory clauses:

		Usually contain risks that are insurable
		Usually contain risks that are not insurable
		Are illegal
		Are not able to be passed on to a lower-tier party

6. Rate the following firms from most expensive Workers' Compensation rate to least expensive:

- 1. 2. 3.

ACME Construction with a poor safety rating

- 1. 2. 3.

Montgomery Construction with a great safety rating

- 1. 2. 3.

Drexel Construction with a standard safety rating

7. The first level of interpreting a Contract will rely upon

		What was intended by both parties
		What testimony can reveal about one or the other party's intentions
		What is reasonable and logical to an outside observer
		What the Owner wanted as being more important than what the Contractor thought