Question: If BrainTrain and Natasha had executed a written contract which contained a liquidated damages clause for $ 2 0 0 in the event that BrainTrain

If BrainTrain and Natasha had executed a written contract which contained a liquidated damages clause for $200 in the event that BrainTrain breached, and assuming BrainTrain admits to a breach, would that clause be upheld in court?
No, the amount is too low for the type of harm she suffered.
Yes, it is reasonable and fair.
Yes, it was mutually agreed upon by both parties.
No, in this case, actual damages can be easily determined.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!