Which of the following is a legal remedy for a breach of the contract between parties?
A)Liquidated damages
B)Imprisonment
C)Unitization
D)Specificity

Question

Quizplus · Accepted Answer

Liquidated damages refer to a predefined amount of compensation agreed upon in the contract in the event of a breach. It is a common and legal remedy for a breach of contract. Imprisonment is not a contractual remedy but a criminal penalty for certain offenses. Unitization refers to a process in the oil and gas industry and is not a legal remedy for a breach of contract. Specificity is not a legal remedy but a principle of contract law that requires the terms of the agreement to be clear and unambiguous.

Which of the Following Is a Legal Remedy for a Breach