A provision in a mortgage allowing the borrower to surrender the property to the lender without personal liability for the loan.
Related information about exculpatory clause:
- Exculpatory Clause Definition | Investopedia
A contract provision that relieves one party of liability if damages are caused during the execution of the contract. The party that issues the exculpatory clause is ...
- exculpatory clause - Legal Dictionary - The Free Dictionary
exculpatory clause noun absolution from liability, clear from a charge, clear from alleged guilt, clear from immutation of fault, condition to clear of liability, contract ...
- What is exculpatory clause? definition and meaning
Definition of exculpatory clause: A provision in a contract under which either of two things is stipulated: (1) one party is relieved of any blame or liability arising ...
- Exculpatory Clause
An exculpatory clause is a clause of a contract in which one of the parties releases the other party from liability for their actions. An exculpatory clause may or ...
- Exculpatory Clause - Breach and Remedies - Contracts
In general, an exculpatory clause (i.e., a limitation of liability clause) that eliminates a party's liability for damages caused by a breach of contract is valid and ...
- Exculpatory Clause Lawyers | LegalMatch Law Library
Feb 23, 2011 ... Find Exculpatory Clause Lawyers and Attorneys in your area. An exculpatory clause is part of an agreement which relieves one party from ...
- Exculpatory Clause: Definition from Answers.com
A provision in a mortgage allowing the borrower to surrender the property to the lender without personal liability for the loan.
- Rules on Exculpatory Clauses in Contracts | eHow.com
An exculpatory clause is one that attempts to release one of the contracting parties from any tort liability that may result from one party's failure to exercise due ...