Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene

Exercise 18

Richard Schewe and others placed personal property in a building occupied by Winnebago County Fair Association, Inc. Prior to placing their property in the building, they signed a "Storage Rental Agreement" prepared by the County Fair Association, which stated: "No liability exists for damage or loss to the stored equipment from the perils of fire...." The property was destroyed by fire. Suit was brought against the County Fair Association to recover damages for the losses on the theory of negligence of a warehouse. The County Fair Association claimed that the language in the storage agreement relieved it of all liability. [Allstate Ins. Co. v Winnebago County Fair Ass'n, Inc., 475 NE2d 230 (Ill App)]