A contractual provision that obligates one party to assume the financial consequences of legal liability for another party is

A contractual provision that obligates one party to assume the financial consequences of legal liability for another party is



A. A statute.
B. A hold-harmless agreement.
C. An example of strict liability.
D. A warranty.


Answer: B. A contractual provision that obligates one party to assume the financial consequences of legal liability for another party is a hold-harmless agreement.

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