What Should Be Included in the Standard Form Contract in Order

question 41

Multiple Choice

What should be included in the standard form contract in order for a lessor to maximize its ability to minimize its exposure for damage caused to a leased vehicle in the lessee's possession?

• A) a benefit of relationship clause to ensure reciprocal benefit to the lessor
• B) the bailee identified as the party to be paid in the event of loss for insurance
• C) an ordinary diligence exclusion clause to limit liability for ordinary neglect
• D) the bailor named as the party to be paid in the event of loss for insurance

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Definitions:

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