Which of the Following Will Be Used in Determining the Enforceability

question 39

Multiple Choice

Which of the following will be used in determining the enforceability of a liquidated damages clause in a contract?

• A)The naming of the clause a "liquidated damages clause".
• B)A statement by the parties that if the contract is breached a set amount of money will be paid by the party in breach to the innocent party.
• C)An acknowledgement in the clause that the damages set out are a realistic estimate of loss.
• D)At the time of making the contract the dollar amount is a genuine pre-estimate of the damages that would result from a breach.
• E)A statement in the clause that the damages payable are not a penalty.

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Definitions:

Line Sparklines

Small, simple charts embedded in individual cells of a spreadsheet to show trends in data graphically without taking much space.

Sparklines Group

A feature in Microsoft Excel that allows users to create small, word-sized charts within cells to visually represent data trends.

Insert Tab

A section in software applications, typically found in a ribbon or toolbar, that provides quick access to tools for adding various elements like images, tables, or charts to documents.

Data Labels

Textual identifiers that provide additional information about a data point in a chart or graph.