Which of the following would provide that a supplier will not be liable to the retailer if it is fails to deliver products to it on time?

Question

Quizplus · Accepted Answer

An exemption clause is a contractual term that seeks to exclude or limit liability for a breach of contract. In this case, the clause would exclude the supplier's liability if it fails to deliver products on time. A liquidated damages clause provides that the supplier will have to pay a certain amount of money as damages for any breach of contract, which may not be the best choice in this scenario. A condition precedent is a term that specifies that certain conditions must be met before the contract can be binding, and a limitation of liability clause seeks to limit the supplier's liability to a certain amount, which may also not be the best choice in this scenario.

Which of the Following Would Provide That a Supplier Will