Which of these refer to a part of a contract in which a party to the contract states that he or she will not be responsible for certain actions?
A)Noncompete clause
B)Exculpatory clause
C)Hold harmless clause
D)Waiver

Question

Quizplus · Accepted Answer

An exculpatory clause is a part of a contract in which a party states that they will not be held responsible for certain actions or circumstances. Noncompete clauses refer to restrictions on competition, hold harmless clauses typically state that one party will not hold the other party liable for damages, and a waiver is a voluntary relinquishment of a known right or privilege.

Which of These Refer to a Part of a Contract