Asked by Jayraj Gadhavi on May 28, 2024
Verified
Which of the following is also termed a "liability waiver"?
A) Exculpatory clause
B) Nondisclosure agreement
C) Confidentiality clause
D) Noncompetition clause
Exculpatory Clause
A part of a contractual agreement that releases one party from liability for any wrongdoings towards the other.
Liability Waiver
A document in which one party agrees to relinquish the right to pursue legal action against another party for potential losses or damages.
- Recognize the legal implications of exculpatory clauses in contracts.
Verified Answer
DG
Danny GalvanJun 03, 2024
Final Answer :
A
Explanation :
An exculpatory clause (often called a "release" or "liability waiver")is a provision in a contract that purports to relieve one of the parties from tort liability.
Learning Objectives
- Recognize the legal implications of exculpatory clauses in contracts.
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