Examlex
Which of the following is correct regarding an arbitration hearing:
Exculpatory Clauses
Provisions in a contract that release one party from liability for harm caused, typically found in waiver and release agreements.
Courts
Judicial institutions that are authorized to hear and rule on legal disputes.
Exemption
A provision that releases a party from a legal duty, liability, or obligation in specific circumstances.
Misrepresentation
Misrepresentation refers to a false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.
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