River Vista Inc. enters into a contract with Stable Realty Management to manage and maintain River Vista's commercial real estate. Their contract provides that neither party can recover damages for a non-fraudulent or unintentional breach. This isa. a quasi contract. b. a limitation-of-liability clause. c. an exculpatory clause. d. a liquidated damages clause.

Question

Elena Sherman

Business

8 August, 19:32

River Vista Inc. enters into a contract with Stable Realty Management to manage and maintain River Vista's commercial real estate. Their contract provides that neither party can recover damages for a non-fraudulent or unintentional breach. This isa. a quasi contract. b. a limitation-of-liability clause. c. an exculpatory clause. d. a liquidated damages clause.

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Answers (1)

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Xander Bailey · Answer 1

The correct answer is b. a limitation-of-liability clause.

Explanation:

It is understood by pact of exemption of responsibility, the stipulation negotiated by the subjects of the obligation, directed to suppress the responsibility of the debtor in case of breach of the same.

The doctrine specialized in mountain law states that: "If a company organizes an activity and forces the participants to sign a document in which they assume full responsibility for what happens to them, it is of little use, the organizer is still responsible". Although this statement must be expanded and nuanced, it can serve as a guide for what we will study next.