Which of the Following Can Be Characterized as an Exculpatory

question 22

Multiple Choice

Which of the following can be characterized as an exculpatory clause?

• A)Contractor is not liable for damage caused by its employees.
• B)Buyer agrees to pay $5,000 for a used cell phone.
• C)Creditor charges 45% interest on a loan.
• D)All of these are correct.

---

Definitions:

Federal Registration

The process of officially recording something, like a trademark or document, at the federal level for recognition and protection.

State Licensing

The process or requirement by which an individual or business must obtain permission from a governmental entity to carry out certain activities.

Digital Invoices

Electronic versions of invoices that are created, sent, and received through digital means, promoting efficiency and reducing the use of paper.

Association of Financial Professionals

A professional organization dedicated to advancing the finance profession by providing members with networking opportunities, resources, and training.