A Liquidated Damages Clause Typically Requires a Party Who Breaches

question 41

True/False

A liquidated damages clause typically requires a party who breaches a contract to pay a certain amount to the nonbreaching party.

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Definitions:

Implementation Decisions

The actions and strategies put into place to execute policies, plans, or programs.

Executive Branch

The part of government responsible for implementing, supporting, and enforcing laws; in the U.S., it includes the President, the Vice President, and the Cabinet.

President's Cabinet

A group of the most senior appointed officers of the executive branch of the U.S. government, who head various departments and advise the President.

Hierarchically

In a manner that arranges things or people in order of rank, grade, class, or importance.