Which of the following is an example of an exculpatory clause?
A) Seller reserves the right to cancel the contract at any time.
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) Buyer agrees to notify seller of any change in address.

Question

Quizplus · Accepted Answer

An exculpatory clause is a provision in a contract that frees one party from liability for damages or losses incurred by the other party. Option B explicitly mentions that the seller is not responsible for property damage, regardless of the cause of the injury, thus making it an example of an exculpatory clause. The other options are not exculpatory clauses.

Which of the Following Is an Example of an Exculpatory