An Exculpatory Clause That Protects a Person from Liability for Fraud

question 28

Multiple Choice

An exculpatory clause that protects a person from liability for fraud is:

• A)valid but unenforceable.
• B)valid if it is in writing.
• C)against public policy.
• D)valid if both parties agree.

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Definitions:

Testable Hypotheses

Propositions or predictions that are formulated to be rigorously tested and validated through empirical observation and experimentation.

False Consensus Effect

The cognitive bias whereby individuals overestimate the extent to which their beliefs, values, attitudes, or opinions are shared by others.

Oedipus Complex

A psychoanalytic theory describing a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts or feelings to others.