What Is a Provision in a Contract That Purports to Relieve

question 20

Multiple Choice

What is a provision in a contract that purports to relieve the defendant of a duty of care he would otherwise owe to the plaintiff called?

• A)Strict liability clause
• B)Exculpatory clause
• C)Limited liability clause
• D)Choice of law clause

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Definitions:

Step-Down Method

An allocation method used in cost accounting to assign costs in a hierarchical manner, from the highest level down to the lowest.

Personnel Department

A division within an organization responsible for managing human resources, including recruitment, employment, and workplace culture.

Cost Allocated

Cost allocated refers to the process of distributing expenses in proportion to the cost centers or departments responsible for incurring them.

Assembly Department

A section within a manufacturing facility where components are assembled into finished products.