A Contract Clause Which Specifies the Amount of Damages to Be

question 34

Multiple Choice

A contract clause which specifies the amount of damages to be paid in the event of a breach is called

• A)a covenant of damages clause.
• B)a reliance interest of damages clause.
• C)a liquidated damages clause.
• D)an incidental damages clause.

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Definitions:

Jews

An ethnoreligious group originating from the Israelites or Hebrews of the ancient Near East, adhering to Judaism.

Diamond Necklace Affair

A scandal in 18th-century France involving a fraudulent transaction of an expensive diamond necklace, which tarnished the reputation of Queen Marie Antoinette.

Cardinal

A senior ecclesiastical leader, appointed by the Pope, and typically in charge of overseeing a particular department of the Catholic Church's administration.

Queen Marie-Antoinette

The last Queen of France before the French Revolution, known for her extravagant lifestyle and executed by guillotine in 1793.