PrincipleCONTRACT LAW – Foreign Exchange Risk Allocation – Effect of Exemption Clause
- Area of law
- CONTRACT LAW
- Court
- Supreme Court
Parties may contractually allocate risks. An express exemption clause is binding. The principle applies to foreign exchange fluctuations. The borrower cannot complain about losses arising from currency fluctuations. The court will enforce the clear terms. The rule promotes certainty in commercial transactions. The party assuming…
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