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Clause Review- Limitation of Liability

15 played - 12 yrs ago
Pre-quiz on the Limitation of Liability clause (LoL) commonly found in contracts
 
QUIZ 7 QUESTIONS
74%
1

Which statement below is the closest definition of LoL?

2

Limitation of Liability protects

3

In contracts, the LOL helps to

4

Which of the below statements are accurate regarding courts and limitation of liability

5

What other contract provision allows the remainder of the contract to be valid if a judge determines the LoL to be invalid?

6

Of the choices below, which one is not a reason why a court will invalidate a limitation of liability provision?

7

The LoL clause puts a cap (maximum amount) on


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