Michele has undertaken an inventory of the electrical appliances throughout her business and discovers that some require cleaning and repair. Michele takes the appliances to Rolando the repairer, with whom she has not dealt before. Unfortunately, whilst the goods were waiting to be repaired, Rolando's repair shop was burgled and the appliances stolen. Rolando refuses to accept liability for the loss and draws Michele's attention to a small sign on the door leading into a back room of the shop which says "No liability for loss or damage to goods accepted under any circumstances". Rolando points to these same words printed on the back of the receipt Michele was handed when she deposited the appliances for repair.

Is Rolando correct in his refusal? Give reasons for your answer.