All of the following are ways of transferring risk mentioned in the text, except: A) competitive bidding B) exculpatory clauses C) hold-harmless agreements D) creating an LLP or LLC

Question

Quizplus · Accepted Answer

Competitive bidding is not a way of transferring risk, but rather a method of obtaining goods or services at the best possible price by encouraging competition among vendors. The other options mentioned, exculpatory clauses, hold-harmless agreements, and creating an LLP or LLC, are all methods of transferring risk.

All of the Following Are Ways of Transferring Risk Mentioned