Question: An exculpatory clause is a _ _ _ _ _ _ _ _ _ _ that attempts to relieve a contracting party from liability for

An exculpatory clause is a __________ that attempts to relieve a contracting party from liability for the consequences of his or her own __________.
Multiple Choice
judicial precedent; intentional act
state statute; gross negligence
federal statute; extreme recklessness
contract provision; negligence

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:

True/False (Write True or False on the line before each question) ________ Law, in its generic sense, is a body of rules of action or conduct prescribed by controlling authority, and having binding...

Q:

By statute, California makes any attempt to restrict a former employee from working for someone else illegal. True or False True False A restriction on an employees' postemployment conduct that...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

An exculpatory clause is designed to relieve a party for liability for its own wrongful acts. True or False

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:

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:

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:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

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:

Discuss various research aspects of this case: is this opinion still precedent? if not, why not? In the United States Court of Federal Claims No. 05-608 C E-Filed: March 27, 2006...

Q:

Cathy Worley has 100/300/100 vehicle insurance. She has a S deductible on comprehensive and a $1,000 deductible on collision. Cathy was at fault when she crashed into two bicyclists, injuring both...

Q:

Peter, an Australian, was employed by Sussex Bank, an investment bank incorporated and managed in Australia, as a finance manager in 2016. His employment contract was negotiated and concluded in...

Q:

Inan Actaviong cell \ table [ [ Cenversien Cext Categeriee,Butpen ] , [ laber , S 1 2 1 . 3 0 0 ] , [ Supples , 4 5 , 9 0 0 ] , [ urimes , 1 6 , 5 0 0 ] , [ Notes , 3 t 8 2 0 6 0 ] ] and in hacess...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...