Which of the following statements refers to liquidated damages?
A) They are damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again.
B) They are damages awarded to the party that is injured by a breach of contract but cannot establish actual damages.
C) They are damages for nonperformance that are stipulated in a clause in the contract.
D) They are damages designed to place the non-breaching party in the position that party would have enjoyed had the terms of the contract been performed.
Correct Answer:
Verified
Q39: When a contractual agreement is formed between
Q40: Joe and Lucas enter into a contractual
Q41: Compensatory damages are awarded _.
A) to a
Q42: Emerald, Inc. enters into a contract to
Q43: Sometimes the court awards a very small
Q45: Pattern, Inc. enters into a contract to
Q46: To obtain an injunction, the plaintiff must
Q47: Describe what is meant by contract discharge
Q48: A court is likely to order specific
Q49: Damages in excess of compensatory damages that
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