Clear Creek Corporation Enters into a Contract with Brightside Management

question 15

Multiple Choice

Clear Creek Corporation enters into a contract with Brightside Management Associates to manage and maintain Clear Creek's apartment complex.Their contract provides that neither party can recover damages for a non-fraudulent or unintentional breach.This is

• A)a limitation-of-liability clause.
• B)an exculpatory clause.
• C)a liquidated damages clause.
• D)a penalty clause.

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Definitions:

Thyroid Gland

An endocrine gland located in the neck that produces hormones regulating metabolism and energy level.

Poisonous Condition

A state of health impairment caused by the ingestion, inhalation, or absorption of toxic substances.

Potassium

An essential mineral and electrolyte necessary for the proper functioning of cells, nerves, and muscles in the body.

Excessive Amounts

Quantities that exceed what is normal, necessary, or reasonable.