Clear Creek Corporation Enters into a Contract with Brightside Management

question 38

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 quasi contract.

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Definitions:

Dual-process model

A theory explaining human thought and behavior as the outcome of two distinct systems: one automatic and unconscious, and the other deliberate and conscious.

Restoration focused

Relates to efforts or methodologies aimed at restoring or revitalizing something to its original or a better state.

Loss focused

Centered on addressing, managing, or coping with experiences of losing something or someone important, often involving grief or mourning processes.