Which is not a correct statement concerning a liquidated damages clause?
A) If the clause is enforced, the injured party can collect no more than the amount specified.
B) If the clause is enforced, the injured party has a choice between compensatory damages or liquidated damages.
C) The amount of liquidated damages must not be excessive.
D) The amount of liquidated damages are established by the parties to the contract.
Correct Answer:
Verified
Q25: When a party expressly declares that performance
Q29: Repeated breaches and waivers are generally interpreted
Q37: When the contract requires that both parties
Q41: The party that breaks a contract may
Q43: Which is not a correct statement concerning
Q45: Which is not a correct statement concerning
Q46: If a liquidated damages clause demands an
Q50: Cyril made two contracts. The first was
Q53: A contract provision stating that one of
Q53: An action for injunctive relief may be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents