Question: Exemption clauses are often used when there is unequal bargaining power between buyer and seller in the marketplace, with the following results, except Multiple Choice

Exemption clauses are often used when there is unequal bargaining power between buyer and seller in the marketplace, with the following results, except
Multiple Choice
Where the sellers performance is different from what the buyer contemplated allowing the buyer to ignore disclaimer clauses
Sellers inserted the clauses in standard form contracts to protect themselves from liability for defects
Courts will construe the terms of an exemption clause strictly against the party who drafted it
The buyers, according to the terms of the clauses, were often required to perform despite a defect, price change, or the seller's failure to comply with an implied warranty
If the breach is serious enough to constitute nonperformance of a fundamental term, the courts will not permit the drafter to hide behind it

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!