Examlex
Which of the following statements is NOT true?
Exemption Clause
A contractual term that limits or excludes one party's liability for certain breaches or situations.
Sale of Goods Act
Legislation governing the sale of goods, providing rights to buyers and obligations to sellers, focusing on elements like product conformity and transactional fairness.
Fundamental Breach
A breach of a fundamental aspect of the contract that is not covered by an exclusion clause; a breach that goes to the very root of the contract.
Risk of Loss
A term referring to the responsibility for damage or destruction of goods, typically discussed in contracts or insurance contexts to determine who bears the financial burden when property is damaged.
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