The UCC permits parties to a sales or lease contract to establish in advance in their contract the damages that will be paid upon breach of contract.Such pre-established damages,called ________ damages,substitute for actual damages.

Question

Quizplus · Accepted Answer

The question specifically mentions pre-established damages, which are referred to as liquidated damages in legal terms. The other options, such as nominal, consequential, incidental, and punitive damages, do not fit the description of pre-established damages.

The UCC Permits Parties to a Sales or Lease Contract