Which of the Following Can Be Characterized as an Exculpatory

question 22

Multiple Choice

Which of the following can be characterized as an exculpatory clause?

• A)Contractor is not liable for damage caused by its employees.
• B)Buyer agrees to pay $5,000 for a used cell phone.
• C)Creditor charges 45% interest on a loan.
• D)All of these are correct.

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Definitions:

Relative Frequency Approach

A method for estimating probabilities by dividing the number of observed occurrences of an event by the total number of observations.

Wireless Phone

A communication device that does not require a physical connection to a telephone network, often referring to mobile or cordless phones.

Next Customer

The following or upcoming client to be served or attended to in a service setting.

Probability

A measure of the likelihood that an event will occur.