What is the UCC rule regarding punitive damages?
A)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.
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 less,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)The UCC does not address punitive damages,other than voiding liquidated damages that are punitive in nature.
E)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.

Question

Quizplus · Accepted Answer

A)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 Is the UCC Rule Regarding Punitive Damages