A Clause That Excludes or Limits Liability Even for a Profoundly

question 51

True/False

A clause that excludes or limits liability even for a profoundly serious breach of contract is unenforceable,if it is unconscionable or would be unfair or unreasonable.

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Definitions:

Federal Court

A court established by the federal government with jurisdiction over disputes involving federal laws, interstate matters, or cases involving parties from different states.

Separate Province

A distinct region or area within a country that has its own administrative governance, often with its own set of laws and regulations.

Jurisdiction

The official power to make legal decisions and judgments, often within a specific geographic area or over certain types of legal cases.

Co-Signed

To sign a loan or agreement jointly with another person, often to guarantee payment or compliance in the case the primary signatory fails to do so.