A Genuine Estimate of Damages Contained in a Contract as a Term

question 77

Multiple Choice

A genuine estimate of damages contained in a contract as a term of the contract can best be described as

• A)reliance damages.
• B)liquidated damages.
• C)nominal damages.
• D)expectation damages.
• E)consequential damages.

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Definitions:

Proportion

A fraction or percentage that represents a part of a whole or a total.

Test

An examination or evaluation conducted to determine the presence, quality, or truth of a specific characteristic, hypothesis, or condition.

Degrees Of Freedom

The number of values in a statistical calculation that are free to vary.

Poisson Distribution

A probability distribution that models the number of times an event occurs in a fixed interval of time or space.