exculpatory clause

Also found in: Medical, Legal

0.01 sec.

exculpatory clause

(1) A clause in a mortgage that allows the borrower to surrender the property to a lender without any further personal liability for a deficiency.(2) A clause in a trust instrument or in a will excusing the trustee or executor from liability when powers are exercised in error but in good faith.

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No references found			Justice Harry Lee Anstead wrote in the majority opinion "Florida''s children and parents need not worry, after today''s decision, that careless commercial operators may be immunized from their carelessness by the presence of an exculpatory clause in a ticket for admission. Legal Precedents Set in Florida by Amy N. / Law community The cost of working with an institutional fiduciary is often a broad exculpatory clause (36) or authorization for the trustee to use the trust's corpus to defend itself in litigation. Unconscionability in the law of trusts by Horton, David / Notre Dame Law Review Based on this exception, the courts found in the current cases that the exculpatory clauses in the corporations' charters did not protect the directors from having to defend themselves at trial. Acting badly . . .but without bad faith: recent court cases compel a ... by Raymond, Doug / Directors & Boards			Exchange, The Exchange-Traded Fund Exchange-Traded Option exchange-traded security Exchangeable Exchangeable Bond Exchangeable Debt Exchangeable Instrument Exchangeable Security Exchequer Excise Tax Excludable Amount of Pension Excluded Gain Exclusion Exclusion Percentage Exclusion Ratio Exclusionary Self-Tender Exclusionary Tender Offer exclusionary zoning Exclusions from Medical Benefits Exclusions of Policy Exclusive exclusive agency exclusive agency listing exclusive right to sell listing exculpatory clause EXDEC Execucao hipotecaria execute executed contract Executieverkoop Execution Execution Costs Executive Order 6102 executive suite executor executor or executrix Executor/Executrix executory contract executory interest executrix exemplary damages Exempt Income Exempt List Exempt Securities Exempt Security Exempt Status Exemption Exemption Trust Exercer uma opcao Exercer une option			excruciatingly excruciatingly excruciation excruciations EXCS EXCSA Excsc EXCT Excubation Excubitorium Excubitorium Excudate Excudate Excudate exculpable exculpable exculpate exculpate exculpated exculpated exculpates exculpates exculpating exculpating exculpation exculpation exculpations exculpations exculpatory exculpatory exculpatory clause Exculpatory evidence Exculpatory evidence exculpatory excuse Excur Excuria Recovery Services, LLC excurrent excurrent Excurse Excurse excursion excursion excursion excursion excursion Excursion Inlet Seaplane Base Excursion Limit Excursion liner Excursion liner Excursion Maximum Excursion of Suspension excursion rate excursion steamer excursion ticket Excursion train Excursion trains excursion, lateral excursionism excursionist excursionist excursionist

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