Creekside Property Corporation enters into a contract with Delta Management Associates to manage and maintain Creekside's apartment complex. Their contract provides that neither party can recover damages for a non-fraudulent or unintentional breach. This is
A) a limitation-of-liability clause.
B) an exculpatory clause.
C) an illegal clause.
D) a quasi contract.

Question

Quizplus · Accepted Answer

This is a limitation-of-liability clause, which limits the liability of both parties in the case of a non-fraudulent or unintentional breach of the contract.

Creekside Property Corporation Enters into a Contract with Delta Management