Discuss exculpatory clauses, and designate when an exculpatory clause is unenforceable
An exculpatory clause is one that attempts to release one of the parties from liability in the event of injury. A clause is generally unenforceable when it attempts to exclude an intentional tort or gross negligence, affects activity that is in the public interest, when the parties have greatly unequal bargaining power, and unless the clause is clearly written and readily visible.
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Given that art provenance is often weak, what forms of due diligence should investors perform before investing in works of art?
When you conduct a questionnaire, you survey people by telephone, email, mail, or interviews
Indicate whether the statement is true or false
Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $200,000 . After mailing the letter, Elmer learns that the farm is actually worth $300,000 and changes his mind about selling. In this case, Elmer:
a. has made a firm offer to Fred which cannot be revoked. b. can revoke his offer at any time before Fred accepts it, because there is no consideration to keep it open. c. must keep the offer open, because this is an option contract. d. cannot, because of promissory estoppel, revoke his offer to Fred.
A plot of land is 5 meters by 10 meters. What is the area in hectares?
a. 0.050 ha b. 0.005 ha c. 5.000 ha d. 0.500 ha