Exemption Clauses Are

question 65

Multiple Choice

Exemption clauses are

• A)not used in contracts for the sale of goods.
• B)strictly construed by the courts against the party that seeks to rely on them.
• C)not considered by courts.
• D)strictly construed by the courts against the parties for whom they are drawn.
• E)not used in employer-employee contracts.

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Definitions:

Clayton Act

A piece of federal legislation in the United States enacted to amend antitrust laws by prohibiting certain practices that could lead to monopolies or restrict competition.

Rule of Reason

A legal doctrine that evaluates the legality of business practices based on their overall reasonableness and their impact on competition.

Liability Standard

The established criteria or benchmark for determining legal responsibility or fault in legal cases, varying by jurisdiction and context.

Robinson-Patman Act

An anti-discrimination law aimed at protecting small businesses from unfair competition practices by larger companies, particularly in the context of price differentiation.