Which of the Following Statements Is TRUE with Respect to Exclusion

Which of the following statements is TRUE with respect to exclusion clauses and risk management?

A) An exclusion clause can be inserted into a contract for the sale of goods.
B) An exclusion clause can affect liability for property damage but not for personal injury.
C) An exclusion clause can be used by a person but not by a corporation.
D) An exclusion clause represents a type of risk acceptance.
E) An exclusion clause always shifts the risk of liability onto an insurance company.