Asked by

Briana Torres
on Nov 27, 2024

verifed

Verified

A contract between Speculative Investment Company and Trusts & Bonds Inc. excludes liability as a result of fraud. This exclusion is enforceable

A) because the parties are protected from liability.
B) because the parties consented to it.
C) if the parties have equal bargaining power.
D) under none of the choices.

Excludes Liability

A clause or agreement that absolves one party from legal responsibility or damages in specific circumstances.

Fraud

Wrongful or criminal deception intended to result in financial or personal gain.

Equal Bargaining Power

The situation in which all parties involved in a negotiation or agreement have similar negotiating strength and no one side has undue influence over the other.

  • Understand the enforceability of contract clauses, including exclusions of liability and limitations on liability.
verifed

Verified Answer

JS
jefrin sunnyNov 29, 2024
Final Answer:
Get Full Answer