In commercial transactions,courts view exemption clauses as having been negotiated terms of the contract with consideration calculated on the basis of the liability associated with the clause and,therefore,are reluctant to overturn these clauses when they are clear and contain no ambiguity.

Question

Quizplus · Accepted Answer

This statement accurately reflects the position of courts regarding exemption clauses in commercial transactions.

In Commercial Transactions,courts View Exemption Clauses as Having Been Negotiated