A Contract Clause That Provides the Only Remedy for Breach

question 43

True/False

A contract clause that provides the only remedy for breach is repair, replacement, or refund of the purchase price is invalid and unenforceable.

---

Definitions:

Franchisee

An individual or company that is granted the right by a franchisor to run a business under the franchisor's trademark or brand.

Goods

Tangible items that are manufactured or produced for sale and consumption.

Separate Business Organization

A separate business organization is an entity that operates independently from other entities or personal affairs of its owners, having its legal rights and obligations.

Sole Proprietorship

A business structure where a single individual owns, operates, and is responsible for all aspects of the business.