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:

Language Differences

refer to the variations in vocabulary, grammar, pronunciation, and syntax between languages, which can pose communication barriers in a global context.

Multinational Company

A corporation that operates in multiple countries beyond its original or home country.

Non-verbal Communication

The transmission of messages or signals through a non-linguistic means, such as gestures, facial expressions, and body language.

Cultures

The shared values, beliefs, norms, and practices that characterize a group, organization, or society.