It Is Contrary to Public Interest to Allow an Exemption

question 33

True/False

It is contrary to public interest to allow an exemption clause to insulate an offending party for conduct approaching criminal or fraudulent behaviour.

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Definitions:

Credit Policy

Credit policy refers to the guidelines that a company follows to determine the credit terms under which it will extend credit to its customers.

Severe Cash Flow

A situation where a business or individual experiences extreme difficulties in generating enough cash to cover operating expenses or meet financial obligations.