An Exculpatory Clause Excusing a Party from Liability for Harm

question 52

True/False

An exculpatory clause excusing a party from liability for harm caused by reckless conduct will generally make a contract unenforceable as a violation of public policy.

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Definitions:

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while opting for one choice over another.

Produce Watches

The process of manufacturing timepieces, typically involving assembly of various components to create functional wristwatches.

Produce Cheese

The process of making cheese from milk through coagulation, curdling, and pressing the solids.

Specialization And Trade

An economic strategy where individuals or groups focus on a narrow area of expertise to increase efficiency and trade with others for different goods or services.