Clauses That Limit Liability Are Exculpatory Clauses

question 17

True/False

Clauses that limit liability are exculpatory clauses.

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Definitions:

Michael Hammer

An American engineer, author, and former professor known for his influential work on business process reengineering.

Organisation's Mission

The fundamental purpose or overarching goal of an organization, which guides its operations, strategy, and decision making.

Organisational Mission

A statement that outlines an organization's purpose, goals, and the approach it will take to achieve those goals.

Reason for Existence

The fundamental purpose or mission that justifies an organization’s or entity’s creation and operations.