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An agreement in which an organisation is not accountable for any damages that occur during a contract is known as what?
Suggested Answer: B
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The correct answers are as follows:
This is arbitration as it involves a panel.
32 comments · newest first
MA
Marta
11 months ago
Yup, definitely a hold harmless agreement!
RO
Rosalind
11 months ago
Limited liability is different, right?
KA
Kaycee
12 months ago
Wait, are you sure? Sounds a bit sketchy.
LE
Leslie
12 months ago
Totally agree, that's the right term!
MA
Marilynn
1 year ago
It's called a hold harmless agreement.
VA
Vallie
1 year ago
I’m confused between hold harmless and waiver of subrogation. They sound similar, but I can't remember the details!
OR
Oretha
1 year ago
I’m leaning towards option C, but I also recall something about waivers in a different context.
JA
Janae
1 year ago
I remember practicing a question about liability agreements, and I feel like limited liability was mentioned there.
TA
Tarra
1 year ago
I think it might be a hold harmless agreement, but I'm not completely sure.
YO
Yolando
1 year ago
Okay, let me break this down. An agreement where the organization isn't liable for damages... I'm going to go with C, a hold harmless agreement.
GE
Gerardo
1 year ago
The key here is understanding what "not accountable for any damages" means. I'm leaning towards C, a hold harmless agreement, but I'll double-check the other options to be sure.
AS
Ashton
1 year ago
Hmm, I'm not too sure about this one. I'll have to think it through carefully to make sure I get the right answer.
CA
Caren
1 year ago
I think this is a hold harmless agreement, where the organization is not held accountable for any damages during the contract.
NG
Ngoc
1 year ago
B) liquidated damages? More like 'liquidated my brain cells' trying to figure this one out. Hold harmless agreement FTW!
LU
Luisa
1 year ago
D) waiver of subrogation
TR
Tracey
1 year ago
C) hold harmless agreement
YU
Yuki
1 year ago
A) limited liability
AR
Arlene
2 years ago
D) waiver of subrogation? Really? That doesn't sound like it fits the description at all. This is a tricky one!
MA
Margret
2 years ago
B) liquidated damages
AJ
Aja
2 years ago
C) hold harmless agreement
BL
Blondell
2 years ago
A) limited liability
TH
Thea
2 years ago
Hmm, I was leaning towards B) liquidated damages, but I think you're right, Valentin. A hold harmless agreement is the way to go.
KI
Kimbery
1 year ago
Yes, it protects the organisation from being held responsible for damages.
GA
Gail
2 years ago
I agree, a hold harmless agreement is the best option.
AL
Alpha
2 years ago
I'm leaning towards B) liquidated damages, as it specifies the amount of damages in advance.
VA
Valentin
2 years ago
C) hold harmless agreement - This seems like the correct answer, as it describes an agreement where the organization is not held accountable for any damages.
GE
Georgeanna
1 year ago
D) waiver of subrogation
RA
Raelene
1 year ago
That makes sense, it's like a way to protect the organization from being responsible for damages.
RO
Rosalind
2 years ago
C) hold harmless agreement
TA
Tawny
2 years ago
A) limited liability
VE
Velda
2 years ago
I disagree, I believe it's A) limited liability because it limits the organization's accountability.
DE
Denise
2 years ago
I think the answer is C) hold harmless agreement.