Classic
Quiz General knowledge

Quiz Clause Review- Limitation of Liability

16 played - 13 yrs ago

Pre-quiz on the Limitation of Liability clause (LoL) commonly found in contracts

 

Medium QUIZ 7 QUESTIONS
medium
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