Exculpatory Clauses Are Illegal as a Matter of Law

question 28

True/False

Exculpatory clauses are illegal as a matter of law.

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Definitions:

Federal Individual Income Taxes

Taxes levied by the United States federal government on the annual earnings of individuals, estates, and trusts.

Ability-To-Pay Principle

The economic principle that states taxes should be levied according to an individual's or entity's capability to pay, typically measured by income or wealth.

Gasoline Taxes

Taxes imposed by governments on the sale of gasoline, often used to fund transportation infrastructure.

Benefits-Received Principle

A taxation principle where taxes are allocated according to the level of benefits received by the taxpayer.