What does the UCC provide regarding the availability of punitive damages?
A) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 20 percent of the purchase price or $500, whichever is less, as punitive damages.
B) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 20 percent of the purchase price or $500, whichever is more, as punitive damages.
C) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 30 percent of the purchase price or $1,000, whichever is less, as punitive damages.
D) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 30 percent of the purchase price or $1,000, whichever is more, as punitive damages.
E) Nothing other than in its voiding of liquidated damages that are punitive in nature.

Question

Quizplus · Accepted Answer

Although the UCC does not mention the availability of punitive damages, other than in its voiding of liquidated damages that are punitive in nature, an issue that remains unsettled is the awarding of punitive damages against a breaching party who intentionally or egregiously breaches the contract.

What Does the UCC Provide Regarding the Availability of Punitive