Which of the following is an example of an exculpatory clause?
A)Creditor charges 38% interest on a loan
B)Seller is not responsible for property damage regardless of the cause of the injury
C)Buyer agrees to pay any costs of litigation
D)Employee agrees to never work for a competing company

Question

Quizplus · Accepted Answer

An exculpatory clause is a provision in a contract that exempts a party from liability for damages. In this case, the seller is not responsible for any property damage that occurs regardless of the cause, which is an example of an exculpatory clause. Choices A, C, and D are not examples of exculpatory clauses.

Which of the Following Is an Example of an Exculpatory