Question: True or False. A liquidated damages provision in a contract is enforceable if the stated damages are tantamount to a penalty. rue False

True or False. A liquidated damages provision in a contract is enforceable if the stated damages are tantamount to a penalty.
rue
False
True or False. A liquidated damages provision in a contract is

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!

Q:

INVISIBLE DISABILITIES IN THE WORKPLACE Good Citizen Services (GCS)is a Canadian bank that started in the 2000s. There are GCS branches in every Western Canadian province. Shaleen Gill, supervisor of...

Q:

Please read the case below and give me the court rulling and your own opinion if you agree or disagree with the court rulling and why . (There is no limit word count, just not too short) Case : Kent...

Q:

Why is risk management important to an exhibition management company? To an exhibitor? title Author ISBN Publisher Publication Date Professional Meeting Management Professional Convention Management...

Q:

Question 26 True or False? Punitive damages are generally not available for breach of contract, unless there is also a tort such as fraud involved. True False question 27: When no actual damage or...

Q:

What does a "pretext for discrimination" refer to? An employer's supposed non-discriminatory reason for an adverse employment action that really is just a cover up for a discriminatory reason. An...

Q:

1. Huang and Sam orally agree that Huang will sell a house to Sam. When Sam tenders the down payment, Huang refuses to sell. Sam sues to enforce the contract. A. Huang will win, the contract is void...

Q:

What is the rationale behind the law's prohibition on a court ordering "specific performance" as a remedy for a breach of a "personal services" contract? Do you agree or disagree with this rationale?...

Q:

Develop a quick case brief for the following including: 1. Facts of the case 2. Issues with categorical answer 3. Ruling of the Court 4. Decision of the Court Link:...

Q:

Please help me with this question and I won't copy paste it. I'll write it in my own words just help understand the answer...

Q:

Please help me with this question and I won't copy paste it. I'll write it in my own words just help understand the answer...

Q:

only the mc Short Answer Questions (Worth 2 points per question)/CHOOSE THE BEST ANSWER 1 . Elderly woman purchases a table from a local furniture store for $5,000. She decides she does not want the...

Q:

Are there problems with scenario analysis? Define simulation analysis, and discuss its principal advantages and disadvantages.

Q:

What is a hedge fund? Why are they not a recommended investment for most investors?

Q:

What was the Supreme Court's holding in Wayfoir? Multiple Choice Defined solicitation for purposes of Public Law 8 6 - 2 7 2 . An out - of - state mail - order company did not have a sales tax...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...