In a Contract,an Exculpatory Clause Releases a Party from Liability

question 21

True/False

In a contract,an exculpatory clause releases a party from liability in the event of monetary or physical injury no matter who is at fault.

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Definitions:

Foreign Goods

Products or services produced in one country and sold in another.

Capital Account

An account of a country’s transfer of capital to or from other countries.

Public Land

Land owned by the government for public use or preservation.

Manufacturing Units

Facilities or factories where raw materials are transformed into finished products through the use of machinery, labor, and production processes.