A Contract Provision That Relieves a Party to the Contract

question 5

Multiple Choice

A contract provision that relieves a party to the contract from liability is known as:

• A) an executory clause
• B) an exculpatory clause
• C) a mitigating clause
• D) a disaffirming clause
• E) a liquidated damages clause

---

Definitions:

Government Officials

Individuals who hold positions of authority in governmental organizations, responsible for creating, implementing, and enforcing laws and policies.

Social Responsibility

The obligation of individuals and organizations to act in ways that benefit society at large, including environmental stewardship and ethical practices.

Socially Responsible

The obligation of an individual or organization to act for the benefit of society at large, often by taking into account the impact of their actions on the environment, consumers, employees, communities, and other stakeholders.

Businesses

Are entities engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods, services, or solutions to consumer needs.