Solved

If the Buyer and Seller Have an Agreement for Liquidated

Question 30

Multiple Choice

If the buyer and seller have an agreement for liquidated damages, and the seller justifiably withheld delivery of the goods because of the buyer's breach, the buyer is entitled to recover:


A) any money or goods he has delivered to the seller over and above the agreed amount of liquidated damages.
B) an amount in excess of $500 or 20 percent of the value of total performance.
C) any money or goods he has delivered to the seller only to the agreed amount of liquidated damages.
D) an amount in excess of $1,000 or 20 percent of the value of total performance or whichever amount is higher.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents