In the absence of a liquidated damages clause and in the absence of proof of greater damages,the seller's damages are computed as

Question

Quizplus · Accepted Answer

In the absence of a liquidated damages clause and proof of greater damages, the seller's damages are typically limited to a reasonable estimate of actual damages. The Uniform Commercial Code (UCC) sets this limit at either 20% of the purchase price or $500, whichever is less, making option D the correct choice.

In the Absence of a Liquidated Damages Clause and in the Absence