Common use of Customer’s Liability Clause in Contracts

Customer’s Liability. 4.12.1. The Customer shall be solely liable for any act or omission of the Cardholder relating to this Contract and the use of the Card. Consequently, the Customer is not entitled to raise against the Bank any objection or claim for the reduction of such liability; therefore, it explicitly waives any such objection or claim and particularly any objection with respect to the scope of the Cardholder's power and authorization to represent and bind the Customer.