An)_____ clause is an express limitation on potential or actual liability arising under the subject matter of the contract.
A)noncompete
B)mandatory arbitration
C)acceleration
D)liquidated damages
E)exculpatory

Question

Quizplus · Accepted Answer

An exculpatory clause is a contractual provision that seeks to relieve one party from liability in the event that the other party is injured or suffers damages, regardless of fault. It is often used in activities that involve some level of risk, such as skydiving or bungee jumping. These clauses are typically upheld by courts unless they are found to be unconscionable or against public policy.

An)_____ Clause Is an Express Limitation on Potential or Actual