An Exculpatory Agreement

question 431

Multiple Choice

An exculpatory agreement:

• A) is the offeree's initial expression of agreement before a contract is formalized in writing
• B) releases one party from the consequences brought about by wrongful acts or negligence
• C) is a form of counteroffer whereby the offeree accepts part and rejects part of a contract
• D) is an agreement that has not been fully performed by either party
• E) none of the other choices

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Definitions:

Ounce

A unit of weight in the U.S. customary and British imperial systems, equal to 1/16 of a pound.

Milligrams

A metric unit of mass equal to one thousandth of a gram, commonly used to measure small quantities of substances.

Kilograms

A metric unit of mass equal to 1000 grams.

Ounces

A unit of weight in the avoirdupois system, equal to 1/16 of a pound or approximately 28.35 grams.