A Clause in an Agreement States: "There Are No Representations

question 45

Multiple Choice

A clause in an agreement states: "There are no representations or warranties except as expressed herein in writing." What is the name for the type of clause?

• A)Disclaimer
• B)Exemption clause
• C)Venue clause
• D)Entire agreement clause
• E)Choice of law clause

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, considering the time value of money.

Individual Retirement Account

A tax-advantaged investing tool that individuals use to earmark funds for retirement savings.

Rate of Return

The profit or deficit generated from an investment during a defined timeframe, represented as a percentage of the investment's initial value.

Insurance Settlement

An insurance settlement is the payment made by an insurance company to a claimant, policyholder, or a designated recipient as compensation for a covered loss or policy event.