Question: Is the following statement true or false? A liquidated damages clause will be enforced if , at the time of creating the contract, it was

Is the following statement true or false? A liquidated damages clause will be enforced if, at the time of creating the contract, it was very difficult to estimate actual damages and the liquidated amount is reasonable. True False

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!