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contract

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contract

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by MikeLittle.
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  • November 28, 2019 at 7:10 am #553973
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    Does the following definition of exclusion clause seem correct

    An exclusion clause is a term in a contract that seeks to restrict the rights of the parties to the contract.

    Also is it correct that an exclusion clause is a clause which limits the contractual capacity of one of the parties

    November 28, 2019 at 12:42 pm #554016
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23347
    • ☆☆☆☆☆

    Yes, and no – it doesn’t restrict contractual capacity. It seeks to restrict potential liability in the event of breach

    OK?

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