A Limitation of Liability Clause in a Customer Contract Is

question 56

True/False

A limitation of liability clause in a customer contract is an example of risk transference.

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Definitions:

Severe Recession

An extended period of significant decline in economic activity across an economy, more intense and prolonged than a typical recession.

Watergate

A major political scandal in the United States involving the Nixon administration's attempted cover-up of its involvement in the 1972 break-in at the Democratic National Committee headquarters.

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of gender.

Iranian Hostage Crisis

A 444-day period during which American embassy staff were held captive from November 4, 1979, to January 20, 1981, by a group of Iranian college students who supported the Iranian Revolution.