Respond in IRAC format to Scenario:

Theresa was a seventeen-year-old competitor in horseback-riding events. Her riding coach was Karol. Theresa signed an agreement that released Karol from all liability except for damages caused by Karol's "direct, willful and wanton negligence." During a competitive event at Galway Downs in Temecula, California, Theresa's horse struck a hurtle. She fell from the horse and the horse fell on her, causing her death. Her parents, Kristi and Fred, filed a suit in a California state court against Karol for wrongful death.

Is the limitation of liability agreement that Theresa signed likely to be enforced in her parents' case?

If so, how would it affect their claim? Explain.

Submissions must incorporate an analysis based on law, and in IRAC format.