An Exculpatory Clause Is Not Valid If One,but Not the Other,party

question 96

True/False

An exculpatory clause is not valid if one,but not the other,party is released from liability for negligence.

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Definitions:

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting individual partners from debts against the partnership.

Fraud

A deliberate deception made for personal gain or to damage another individual.

Personally Liable

Being personally liable means an individual is legally responsible for fulfilling the obligations of a debt or liability, potentially using personal assets for repayment.

Income Tax-Paying Entity

An individual or organization required to pay taxes to a governmental authority on the income it earns.