Which of the Following Statements Is Not True Concerning a Disclaimer

question 35

Multiple Choice

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

• A)A disclaimer is a statement that one of the parties will not be in breach despite failing to perform one or more of their contractual obligations.
• B)A disclaimer will protect a party to the contract from the consequences of their apparent breach of the contract.
• C)A disclaimer may also be known as an exclusion clause, exemption clause or limitation of liability clause.
• D)A disclaimer will be effective to protect a person from liability for breach of contract regardless of whether or not the disclaimer is a term of the contract.

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Definitions:

Invoice

An Invoice is a document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.

Payment

The act of transferring money, goods, or services as an exchange to fulfil a legal obligation or purchase.

Outstanding Balance

This term refers to the amount of money owed on a loan or credit account that has not yet been repaid.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.