Carl Contracts to Sell His House and Lot to Winifred

question 44

Multiple Choice

Carl contracts to sell his house and lot to Winifred for $30,000.The terms of the contract call for Winifred to pay 5 percent of the purchase price as a deposit toward the purchase price, or a down payment.The terms further stipulate that should the buyer breach the contract, Carl will retain the money as damages.What type of damages does this agreement exemplify?

• A) Compensatory
• B) Punitive
• C) Nominal
• D) Liquidated

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Definitions:

Integrative Therapy

An approach to psychotherapy that combines different therapeutic practices and techniques to fit the needs of the individual client.

Transactional Analysis

A psychotherapeutic approach that examines individuals' interactions and communication patterns to understand their ego states and improve relationships.

Tripartite Personality

A concept in psychology that divides the personality into three components: the id, ego, and superego, according to Freudian theory.

Humanistic Therapy

A therapeutic approach that emphasizes personal growth and self-fulfillment through self-discovery and personal responsibility.