Which of the Following Is a Distinguishing Characteristic of a Limited

Multiple Choice

Which of the following is a distinguishing characteristic of a limited liability clause?

A) It relieves or limits liability of a party for damages in particular circumstances.
B) It may be used to punish parties for non-compliance with contractual promises.
C) It requires the parties to purchase insurance.
D) It relieves parties in a variety of circumstances from contractual obligations.