Contracts
An exculpatory clause in a real estate contract is designed to:
AAccelerate the closing date
BRelieve one party from liability for certain acts or conditions✓ Correct
CRequire arbitration for all disputes
DEstablish the purchase price formula
Explanation
An exculpatory clause attempts to relieve a party (typically the seller or landlord) from liability for certain conditions or acts. Courts sometimes limit their enforceability when they violate public policy.
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