Which of the following would establish a maximum level of liability for one of the parties if it commits a breach?
A) a condition precedent
B) a limitation of liability clause
C) a liquidated damages clause
D) an exemption clause

Question

Quizplus · Accepted Answer

A limitation of liability clause is specifically designed to cap the amount of liability one party can incur in the event of a breach.

Which of the Following Would Establish a Maximum Level of Liability