alexhunter9704 alexhunter9704
  • 04-07-2021
  • Business
contestada

The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is this called?

Respuesta :

buchinnamani208
buchinnamani208 buchinnamani208
  • 05-07-2021

Answer:

exculpatory clause

Explanation:

Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.

Answer Link

Otras preguntas

The bear stands on the ice. The bear is white. It is a polar bear. How can I combine the sentences into one
Write a story that ends everybody was happy
When simplifying an expression, which of the following is important?
Which sentence is written correctly? •Stepping into the mud ruined my shoes. •Stepping into the mud, my shoes were ruined. •The mud ruined my shoes while steppi
Pls i have a 62 in math rn
Why are products from other countries sold at the markets in France? Write your answer in English
First Impressions: In the story Drown by Junot Diaz 1) What is the first thing you notice about the passage? 2) What is the second thing?
Ingrid makes quilts in designs that follow a specific pattern. The first three designs are shown. In designs, the white blocks represent blocks containing pictu
Plz help I will mark Brainlyist
Benefits of being a tax compliant