Exculpatory Clauses That Try to Relieve a Principal of Liability

question 40

True/False

Exculpatory clauses that try to relieve a principal of liability for an agent's misrepresentations usually insulate the principal from tort liability and prevent the third party from rescinding the contract.

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Definitions:

Entertainment Expenditures

Money spent on activities or products that provide leisure and enjoyment, such as movies, games, concerts, and hobbies.

Mode

The value that appears most frequently in a data set, representing the most common or popular outcome among a set of observations.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Variation

The occurrence of differences or deviations within a population, which can be genetic, phenotypic, or behavioral, among individuals or groups.