Which type of contractual provision affects remedies?
A) Cover.
B) Liquidation or limitation of damages.
C) Modification or limitation of remedy.
D) Both limitation of damages and limitation of remedy are correct.

Question

Which type of contractual provision affects remedies?
A) Cover.
B) Liquidation or limitation of damages.
C) Modification or limitation of remedy.
D) Both limitation of damages  and limitation of remedy are correct.

Quizplus · Accepted Answer

Both liquidation or limitation of damages and modification or limitation of remedy are types of contractual provisions that affect remedies. Liquidation or limitation of damages provisions set a fixed amount for damages in case of a breach, while modification or limitation of remedy provisions can alter or limit the remedies available to the parties in a contract.

Which Type of Contractual Provision Affects Remedies