MOORE, Justice.
This is a contract case. The "K" Way Equipment Company, Inc. (K Way), a rental lessor as plaintiff, sued General Corrosion Services Corporation (GSC), lessee, as defendant, for the value of a rented air compressor which was lost by the defendant while traveling on a public highway. The defendant lessee answered that pursuant to the terms of the "Damage Waiver" clause of the Equipment Rental Contract, its liability was limited to $250.
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