Which of the following is a contractual provision that transfers financial responsibility for liability from one party to another?
A)Assumption of risk agreement
B)Hold-harmless agreement
C)Last clear chance agreement
D)Res ipsa loquitur agreement
E)Comparative negligence agreement

Question

Quizplus · Accepted Answer

A hold-harmless agreement is a contractual provision where one party agrees to take on the liability and protect another party from harm or lawsuits. This effectively transfers financial responsibility for certain liabilities from one party to another.

Which of the Following Is a Contractual Provision That Transfers