Which of the following risk management objectives would be strongly supported by the use of a limitation of liability clause in a contract?
A) It reduces the liability for the risk and is legally enforceable.
B) It transfers the risk,is legally enforceable,and is acceptable to the other party.
C) It eliminates the risk,limits the liability,and is acceptable the other party.
D) It retains a standard form of contractual of limited liability.
Correct Answer:
Verified
Q25: Pharmaco Ltd.plans to lobby the federal government
Q26: Rollie's Electric Ltd.notes its lawyer's account for
Q27: Which of the following correctly identifies elements
Q28: Toyota Motor Corp.recalled 8.8 million cars after
Q29: Which of the following methods should be
Q31: Dontally Imports Inc.has an expiring contract that
Q32: Against which of the following possibilities should
Q33: What position,if any,would a lawyer have on
Q34: Duble Mining Ltd.began gold mining operations in
Q35: After several interviews and calls to follow
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents