Which of the Following Statements Concerning a Disclaimer Is Not

question 31

Multiple Choice

Which of the following statements concerning a disclaimer is not true?

• A)A disclaimer is an exemption clause.
• B)A disclaimer is an exclusion clause.
• C)A disclaimer is a statement that one of the parties to the contract will not be liable for the consequences of a failure to perform their obligations.
• D)In Thornton v Shoe Lane Parking Ltd [1971] 2 QB 163 the court held a disclaimer to be effective where it was stated in small print at the bottom of a car park entry ticket issued by an automatic machine.

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Definitions:

Dividends

Financial rewards given by a company to its shareholders, predominantly coming from the company's profits.

Stock Valuation

The process of determining the intrinsic value of a company’s shares based on earnings, dividends, and other economic indicators.

Publicly Traded

A designation for companies whose shares are bought and sold on the open market through a stock exchange, allowing for broad public investment.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, usually with dividend payments that are prioritized over common stock dividends.