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Why is the inclusion of a limitation of liability clause in a commercial contract considered to be an effective solution for business legal risk management?
Why is the inclusion of a limitation of liability clause in a commercial contract considered to be an effective solution for business legal risk management?
Select one:
a.It transfers risk from the business owners to the business and its customers.
b.It limits financial responsibility for damages if there is a breach of contract.
c.It creates equity because it imposes the same terms on every customer.
d.It triggers avoidance of liability in standard form commercial contracts.
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