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Which of the following is correct regarding the validity of clauses in contracts providing for the exclusion of liability for damages? Clauses providing for the

Which of the following is correct regarding the validity of clauses in contracts providing for the exclusion of liability for damages?

  1. Clauses providing for the exclusion of liability for material damages are valid in all cases
  2. Clauses providing for the exclusion of liability are only valid for moral damages
  3. Clauses providing for the exclusion of liability for damages for bodily injury are valid except in the case of intentional or gross negligence
  4. Clauses providing for the exclusion of liability for material damages are valid except in the case of intentional or gross negligence

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