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What is an Exculpatory Clause? - Definition & Examples

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question 1 of 3

An exculpatory clause is intended to release liability and prevent which of the following?

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1. Which of these statements is NOT an example of an exculpatory clause?

2. If a purchased house ends up in _____, the exculpatory clause in the mortgage often protects the buyer from liability that extends beyond the property itself.

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About This Quiz & Worksheet

How much do you know about an exculpatory clause? Find out and review examples of this clause by using the quiz and worksheet.

Quiz & Worksheet Goals

Take the quiz to check your knowledge of:

  • When an exculpatory clause will be enforced
  • An example of an exculpatory clause
  • Circumstances in which a trustee is not protected from liability in a trust
  • The purpose of an exculpatory clause

Skills Practiced

  • Information recall - access the knowledge you have gained about when banks can take a house but no other assets
  • Reading comprehension - ensure that you draw the most important information from the lesson on exculpatory clauses
  • Interpreting information - verify that you can read information about when these clauses are enforced and interpret it correctly

Additional Learning

Review the lesson called What Is an Exculpatory Clause? - Definition & Examples. Doing so lets you study more about:

  • The meaning of exculpate
  • When exculpatory clauses are common
  • How trusts work
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