Which of the Following Is an Example of an Exculpatory

question 31

Multiple Choice

Which of the following is an example of an exculpatory clause?

• A)Creditor charges 38% interest on a loan
• B)Seller is not responsible for property damage regardless of the cause of the injury
• C)Buyer agrees to pay any costs of litigation
• D)Employee agrees to never work for a competing company

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Definitions:

Price of Goods

the monetary value assigned to physical products that are available for sale in the market.

Tender of Delivery

The act of presenting goods for acceptance to the buyer and notifying them that the goods are available as per the contract.

Conform to the Contract

The requirement that parties involved in a contractual agreement adhere to the terms set forth within the contract.

Lots

Parcels or portions of land, often used in the context of real estate transactions.