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Home Q & A Board Humanities Legal Studies
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pepperflake pepperflake
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7 years ago
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 nonbreaching party in the position that party would have enjoyed had the terms of the contract been performed.
Textbook 
The Legal Environment of Business

The Legal Environment of Business


Edition: 7th
Authors:
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eshreemeshreem
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pepperflake Author
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