Teshawn and Amber Have a Contract with a Clause That

question 32

Multiple Choice

Teshawn and Amber have a contract with a clause that states that in the event of a breach, the breaching party will pay the non-breaching party $5,000.00. The type of clause is referred to as a _____ clause.

• A)compensatory damages
• B)liquidated damages
• C)incidental damages
• D)punitive damages

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Definitions:

Emotional Intelligence

The combination of four abilities: (a) your ability to perceive other’s emotions; (b) your ability to identify your emotions, (c) your ability to understand what’s causing your emotion, and (d) your ability to manage your emotions.

Scheduling

The establishment of a fixed time for visiting a customer’s business.

Travel Pattern

Typical routes or itineraries followed by individuals or groups during their travels, often analyzed for marketing or planning purposes.

Territory

In business, territory refers to a specified area or segment assigned to a salesperson, team, or a distributor within which they operate or have exclusive rights to engage with potential customers.