Between experienced businesspersons, exculpatory clauses are generally:
A) voidable.
B) void.
C) valid.
D) unenforceable.

Question

Quizplus · Accepted Answer

Exculpatory clauses are generally valid between experienced businesspersons, as they are presumed to understand the risks involved in the business transaction and have equal bargaining power to negotiate the terms of the contract. These clauses limit or waive the liability of one party in case of breach or negligence, and they are enforceable as long as they are clear and not against public policy.

Between Experienced Businesspersons, Exculpatory Clauses Are Generally