Question: A party to a contract may limit its liability for negligence. A clause in a contract attempting to limit a party's liability is referred to

A party to a contract may limit its liability for negligence. A clause in a contract attempting to limit a party's liability is referred to as a/an
output clause
integration clause
forum clause
bailment clause
exculpatory clause
A party to a contract may limit its liability for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!

Q:

Cost allocation is often the centerpiece of conflict that is resolved in court cases. The litigation usually involves the dispute over how costs are allocated to a product or product line that is of...

Q:

Choose the correct answer Multiple Choice: Write the letter of correct answer on the space provided before each number. 1. A contract that can stand by itself is known as: a. Accessory contract b....

Q:

Read the attached opinion from the Alamance County Bd of Educ v Bobby Murray Chevrolet, Inc case below, which gives more detailed information about the case. Answer this specific question: 2. Why did...

Q:

Read the attached opinion from the Alamance County Bd of Educ v Bobby Murray Chevrolet, Inc case below, which gives more detailed information about the case. Answer this specific question: 2. Why did...

Q:

1. Filing a lien discharge bond with the court will discharge a mechanic's lien on a private project. Answer: 2. Punitive damages may be available in a lawsuit to enforce a N.Y. Lien Law Article 3-A...

Q:

FACTS PARTY A John Smith is a sole proprietor and is in the early stages of starting a company in North Bay. John's company is an excursion agency who coordinates adventure excursions to visitors....

Q:

Which of the following is FALSE about exemption clauses? O a. They should be brought to the other parties attention. O b. They attempt to limit or exclude liability. O c. They may limit the liability...

Q:

Please answer with valid explanation Please do not try to provide useless explanation Which of the following is FALSE about exemption clauses? O a. They should be brought to the other parties...

Q:

Plaintiffs James and Heidi Glassford, who brought suit to obtain compensation for an allegedly negligent home inspection, appeal the superior courts order granting summary judgment in favor of the...

Q:

FAA APARTMENT LEASE CONTRACT NAA NATIONAL APARTMENT ASSOCIATION Date of Lease Contract: (when the Lease Contract is filled out) This is a binding document. Read carefully before signing. Moving In -...

Q:

Must Follow (Read all 23 Clauses and complete the following work: - Explain each of the clauses as if you were presenting to a student in the 4th grade. Your # 1 priority is to be SUPER simple to...

Q:

Kerry's stated her financial goals as follows: - . To accumulate $50,000 within 5 years for Logan's college education. To accumulate $90,000 for Liliana's college education within the next 11 years....

Q:

Show that | +-+-+-+16t. =2 2 4 8

Q:

Which of following items is entered as a subtraction on Schedule M - 1 of Form 1 1 2 0 ? Group of answer choices interest income on investing in local and state bonds. The excess of capital losses...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...