PrincipleCONTRACT LAW — Exemption Clauses — Limitation Clause Is a Species of Exemption Clause
- Area of law
- CONTRACT LAW
- Court
- Supreme Court
Limitation clauses that cap liability at an unreasonably low amount are functionally equivalent to exemption clauses. Limitation clauses are a sub-category (species) of exemption clauses (genus). The principle applies to contract law. The rule treats unreasonable limitation clauses similarly to full exemptions. Such clauses may…
🔒Read the full principle with Sanctum
Sanctum is the key to all NLC content: judgments, principles, statutes, rules of court and court forms. Choose a plan from 1 month to 36 months.
