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:

Authoritative

A leadership style marked by the ability to guide or direct others while encouraging independence and creativity.

Consistent Limits

Clear, predictable boundaries set by authority figures that guide individuals' behavior.

Theory of Mind

The cognitive ability to understand that others have beliefs, desires, and intentions that are different from one's own.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.