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 liability for the risk and is enforceable under law.
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
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