Creekside Property Corporation Enters into a Contract with Delta Management

question 80

Multiple Choice

Creekside Property Corporation enters into a contract with Delta Management Associates to manage and maintain Creekside'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) an illegal clause.
• D) a quasi contract.

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Definitions:

Ethical Considerations

The evaluation of moral principles and decision-making processes in personal and professional contexts.

Customer Relations

The management and maintenance of relationships between a business and its customers, focusing on communication and meeting customer needs.

Frontline Managers

Managers who directly supervise and support employees working on the core business activities of an organization.

Operating Employees

Workers who are directly involved in the day-to-day operations of an organization, typically responsible for executing tasks and processes.