Which type of contractual provision affects remedies?
A)Cover.
B)Liquidation or limitation of damages.
C)Modification or limitation of remedy.
D)Both (b) and (c) are correct.

Question

Quizplus · Accepted Answer

Liquidation or limitation of damages and modification or limitation of remedy are both types of contractual provisions that affect remedies. Liquidation or limitation of damages limits the amount of damages that can be recovered in case of a breach of contract, while modification or limitation of remedy limits the type of remedy available in case of a breach of contract. Both provisions affect the available remedies in case of a breach of contract.

Which Type of Contractual Provision Affects Remedies