What is the theory behind a liquidated damages clause in a contract?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
The purpose of a liquidated clause is to save ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Business Law Principles and Practices
ISBN: 978-1133586562
9th edition
Authors: Arnold J. Goldman, William D. Sigismond
Question Posted:
Students also viewed these Business Law questions
-
What is the theory of constraints?
-
What is a liquidated damages clause?
-
Cooper Manufacturing Co. contracted with Bright Computers to maintain Coopers computer system. Coopers manufacturing process depends heavily on its computer system operating properly at all times. A...
-
It happens all too often. As a market researcher, you slave away for countless hours in pursuit of insightful data but, to your shock, your research report flops and your data are dead in the water....
-
Build more parking? A survey is to be conducted in which a random sample of residents in a certain city will be asked whether they favor or oppose the building of a new parking structure downtown....
-
Joint-cost allocation, sales value, physical measure, NRV methods. Instant Foods produces two types of microwavable productsbeef-flavored ramen and shrimp-flavored ramen. The two products share...
-
A representative volume element (RVE) consisting of a cylindrical isotropic fiber embedded and perfectly bonded in a cylinder of isotropic matrix material is shown in Figure 5.23. If the ends of the...
-
Give the Circular 230 position concerning each of the following situations sometimes encountered in the tax profession. a. Taking an aggressive pro-taxpayer position on a tax return. b. Not having a...
-
You will receive 13 payments of $535, where the first payment will be received today (Month 0) and all other payments will be received in 10-month intervals (Months 10, 20, 30 ... 120). Assume that...
-
The article Housework around the World (USA Today, September 15, 2009) included the percentage of women who say their spouses never help with household chores for five different countries. a. Display...
-
If parties wish to rescind a contract, what action must they take?
-
Tina Townsend, age 25, a well- known comic, signed a contract for $ 20,000 with Stillman to perform at Stillmans Country Dinner Theater for five nights. Because Townsend had a drinking problem, a...
-
What factors affect the value of an option?
-
Select a recent event that you learned about through the media. 1. Describe the event and discuss public opinion regarding this event. Be sure to discuss the various perspectives that may have arose....
-
Write a recursive function printFlag(A) that takes an array of integers as input, prints a flag-shape numbers from it such that the first level has all array elements. From then, at each level the...
-
Find the interest rate that makes these two options equivalent concerning present worth. A brand new machine that has a price of $1900 and will have a salvage value of $700 after 3 years. Secondly,...
-
The ME Mechanical Group is a medium-sized machine tool company. The Group has three key executives whose retention by the Group is important to the Group's future growth and expansion of operations....
-
Joss & Co. is adopting a new technology that all employees will need to know how to use within the next six months. Joss & Co. offer in-person and web-based training to learn about the new...
-
Use the photo to copy and complete the statement. Explain. LBCA ?
-
In Exercises 15 through 30, find the derivative dy/dx. In some of these problems, you may need to use implicit differentiation or logarithmic differentiation. y ex + et -2x 1 + e
-
Perez sees an advertisement in the newspaper indicating that the ABC Corp. is offering for sale a two-volume set of books, How to Make Repairs around the House, for $39.95. All Perez has to do is...
-
On Thursday, Dennis mailed a letter to Tanyas office offering to sell his car to her for $3,000. On Saturday, having changed his mind, Dennis sent a fax to Tanyas office revoking his offer. Tanya did...
-
Southwick Homes, Ltd., develops and markets residential subdivisions. William McLinden and Ronald Coco are the primary owners of Southwick Homes. Coco is also the president of Mutual Development Co....
-
An investment offers the following cash flows: $554 today, $182 one year from now, $482 in 2 years, and $793 in 3 years. If the relevant interest rate is 7% per year (an APR, with interest compounded...
-
What is the internal rate of return (IRR) for a project that costs $5,500 and is expected to generate $1,800 per year for the next four years? If the firm's required rate of return is 8 percent, what...
-
Assume B Corporation has $375,000 of Ordinary Income from its operations, $75,000 of interest received from its investments on bonds from Z firm. Also, it received $50,000 of dividends from a...
Study smarter with the SolutionInn App