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AnnZ [28]
3 years ago
9

The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is th

is called?
Business
1 answer:
charle [14.2K]3 years ago
4 0

Answer:

exculpatory clause

Explanation:

Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.

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Elena-2011 [213]
Revenue = $752,800
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The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had. 
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4 years ago
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4 years ago
An example of an instrinsic reward is
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