Contracting Parties Can Agree to Limit the Liability for a Breach

question 61

True/False

Contracting parties can agree to limit the liability for a breach to less than what is recoverable under the principles of contract law.

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Definitions:

High Standards

Refers to the aspiration or requirement for excellence or superior quality in performance or condition.

Continuing Education Units (CEUs)

A measure used in continuing education programs, particularly for professionals, to maintain licensure or certification through courses and training.

Certified

Officially recognized or having received a certification that verifies an individual's qualification or a product's standards.

RMAs

Refers to Return Merchandise Authorization, a process used by companies to authorize the return of defective products for repair, replacement, or refund. If referring to a different context, clarification is needed.